Defendant Name:
a.k.a. Brands Holding Corp.
Defendant Type:
Public Company
SIC Code:
7389
CUSIP:
00152K20
Document Reference:
34-100969
Document Details
Legal Case Name
In the Matter of a.k.a. Brands Holding Corp.
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
09-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On September 9, 2024, the SEC instituted settled cease-and-desist proceedings against a.k.a. Brands Holding Corp., stating: "As a regular part of its business, a.k.a. Brands enters into employment agreements with new employees and severance agreements with departing employees. . . . [These agreements] required employees to waive their right to recover a monetary award for participating in an investigation by a government agency. . . . [T]hese provisions created impediments to participation in the Commission's whistleblower program by requiring former employees to forego either their right to file a complaint with the Commission staff or the financial award they might receive for doing so."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$399,750.00
Shared:
