Defendant Name:
GTT Communications, Inc.
Defendant Type:
Public Company
SIC Code:
8743
CUSIP:
36239310
Document Reference:
33-11241
Document Details
Legal Case Name
In the Matter of GTT Communications, Inc.
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
25-Sep-2023
Document Format
Administrative Proceeding
AAER
4459
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 25, 2023, the SEC instituted settled cease-and-desist proceedings against GTT Communications, Inc., stating: "GTT made materially misleading statements and omissions relating to Cost-ofRevenue (“COR”)in certain 2019 and 2020 Exchange Act annual, quarterly, and current reports.
COR, referred to by GTT in public filings as Cost of Telecommunications Services, represents
direct costs incurred by GTT in providing telecommunications services to its customers and is
GTT’s largest operating expense."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
