Defendant Name:
Moelis & Company LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Moelis & Company
SIC Code:
6282
CUSIP:
60786M10
Document Reference:
34-98078
Document Details
Legal Case Name
In the Matter of Moelis & Company LLC
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 Moelis & Company LLC, stating: "These proceedings arise out of the widespread and longstanding failure of Moelis employees throughout Moelis, including at senior levels, to adhere to certain of these essential requirements and Moelis’ 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:
$10,000,000.00
Shared:
