Defendant Name: Zions Public Finance, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2024-132

Document Details

Legal Case Name In the Matter of Zions Public Finance, Inc.
Document Name SEC Charges 12 Municipal Advisors With Recordkeeping Violations
Document Date 17-Sep-2024
Document Format Administrative Proceeding
File Number 3-22128
Allegation Type Municipal Securities & Public Pensions
Document Summary On September 17, 2024, the SEC "today announced charges against 12 municipal advisors for failures by the firms and their personnel to maintain and preserve certain electronic communications. The firms agreed to pay combined civil penalties of more than $1.3 million to settle the SEC’s charges."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Monetary Penalties:

Civil Penalty

Individual:     $47,000.00 Shared:    

Related Documents:

34-101048 17-Sep-2024 Administrative Proceeding
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
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”)."