Defendant Name:
Zions Public Finance, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Zions Bancorporation, National Association
SIC Code:
6021
CUSIP:
98970110
Document Reference:
34-101048
Document Details
Legal Case Name
In the Matter of Zions Public Finance, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15B and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
17-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On September 17, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Zions Public Finance, Inc., stating: "These proceedings arise out of the failure of Zions Public Finance employees throughout the firm, including at senior levels, to adhere to these recordkeeping requirements and the firm’s own policies. Using unapproved electronic communication methods, these employees communicated with regard to municipal advisory activities both internally and externally by text messages (“off-channel communications”)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$47,000.00
Shared:
