Defendant Name: CPI Aerostructures, Inc.

Defendant Type: Public Company
SIC Code: 3728
CUSIP: 12591930

Document Reference: 34-100389

Document Details

Legal Case Name In the Matter of CPI Aerostructures, Inc.
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 20-Jun-2024
Document Format Administrative Proceeding
File Number 3-21975
Allegation Type Issuer Reporting and Disclosure
Document Summary On June 20, 2024, the SEC instituted cease-and-desist proceedings against CPI Aerostructures, Inc., stating: "This matter involves financial reporting, accounting, internal accounting controls, and disclosure controls and procedures failures by CPI Aero, an aerospace structural products manufacturer."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
The Commission ordered that: "If Respondent fails to comply with the undertakings enumerated in Paragraph 30, above, Respondent shall, by June 30, 2025, pay a civil money penalty in the amount of $400,000 to the Securities and Exchange Commission."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

34-100389-s 20-Jun-2024 Administrative Summary
SEC Charges CPI Aerostructures,Inc. with Financial Reporting,Accounting, and ControlsViolations
On June 20, 2024, the SEC "charged CPI Aerostructures, Inc. (CPI Aero), an aerospace and defense manufacturer, with financial reporting, accounting, and internal controls violations that occurred over a six-year period and resulted in four financial statement restatements. CPI Aero has agreed to settle the SEC's charges."