Defendant Name: Cloopen Group Holding Limited

Defendant Type: Public Company
SIC Code: 7379
CUSIP: 18900M20

Document Reference: 34-99483

Document Details

Legal Case Name In the Matter of Cloopen Group Holding Limited
Document Name Order Instituting Cease-And-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date 06-Feb-2024
Document Format Administrative Proceeding
File Number 3-21844
AAER 4487
Allegation Type Issuer Reporting and Disclosure
Document Summary On February 6, 2024, the SEC instituted cease-and-desist proceedings against Cloopen Group Holding Limited, stating: "These proceedings arise from an accounting fraud perpetrated by the former Operating Management Director and a former Department Head at Cloopen (the “Senior Managers”)."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC

Related Documents:

2024-15 06-Feb-2024 Press Release--Administrative Proceeding
SEC Charges China-Based Tech Company Cloopen Group with Accounting Fraud; Comission declines to impose civil penalties because of company's self-reporting, cooperation and remediation
On February 6, 2024, the SEC "announced settled accounting fraud charges against Cloopen Group Holding Limited, a China-based provider of cloud communications products and services whose American depositary shares formerly traded on the New York Stock Exchange. The SEC determined not to impose civil penalties against Cloopen because the company self-reported its accounting issues, cooperated extensively with the staff’s investigation, and undertook prompt remedial measures."