Defendant Name:
Cloopen Group Holding Limited
Defendant Type:
Public Company
Document Reference:
2024-15
Document Details
Legal Case Name
In the Matter of Cloopen Group Holding Limited
Document Name
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
Document Date
06-Feb-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC