Defendant Name:
Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)
Defendant Type:
Public Company
SIC Code:
3679
CUSIP:
09175M10
Document Reference:
33-11222
Document Details
Legal Case Name
In the Matter of Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation); Milton Charles ("Todd") Ault III; and William B. Horne, CPA
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
15-Aug-2023
Document Format
Administrative Proceeding
AAER
4440
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On August 15, 2023, the SEC instituted settled cease-and-desist proceedings against Ault Alliance, Inc., Milton Charles Auld III, and William B. Horne, stating: "This matter involves material misstatements regarding certain businesses of AAI, the failure to disclose interests in related person transactions, improper recording of purported consulting services, erroneous accounting of investments, and the failure to maintain accounting and disclosure controls."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$700,000.00
Shared:
Other Defendants in Action:
