Defendant Name:
Houlihan Lokey Capital, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Houlihan Lokey, Inc.
SIC Code:
6282
CUSIP:
44159310
Document Reference:
34-98077
Document Details
Legal Case Name
In the Matter of Houlihan Lokey Capital, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
08-Aug-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On August 8, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Houlihan Lokey Capital, Inc., stating: "These proceedings arise out of the widespread and longstanding failure of Houlihan Lokey employees throughout the firm, including at senior levels, to adhere to certain of these essential requirements and the firm’s own policies. Using their personal devices, these employees communicated both internally and externally by personal text messages, or other text messaging platforms such as WhatsApp (“off-channel communications”)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$15,000,000.00
Shared: