Defendant Name: Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Defendant Type: Other

Document Reference: 2024-135_3-22137

Document Details

Legal Case Name In the Matter of Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
Document Name SEC Charges 11 Institutional Investment Managers with Failing to Report Certain Securities Holdings; Two of the firms also charged with failing to report large trader transactions
Document Date 17-Sep-2024
Document Format Administrative Proceeding
File Number 3-22137
Allegation Type Issuer Reporting and Disclosure
Document Summary On September 17, 2024, the SEC "today announced charges against 11 institutional investment managers for failing to fi le reports, known as Forms 13F, that they were required to fi le because they have discretion over more than $100 million in certain securities. Two of the entities, Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. (Nationale-Nederlanden) and NEPC, LLC, were also charged with failing to fi le Forms 13H as required for large traders who trade a significant amount of exchange-listed securities."

Disgorgement & Penalty Information

Resolutions
None Specified
Cooperation Before the Resolution
Self Reporting to SEC

Related Documents:

34-101060 17-Sep-2024 Administrative Proceeding
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
On September 17, 2024, the SEC instituted settled cease-and-desist proceedings against Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A., stating: "From at least December 2019 through the present, Respondent, a foreign investment adviser not registered with the Commission, had investment discretion over at least $100 million of reportable securities and was therefore obligated to file quarterly Forms 13F beginning by at least February 2020. However, Respondent failed to file Forms 13F until April 2024. From at least July 2013, Respondent met the large trader definition under Section 13(h) of the Exchange Act and Rule 13h-1 thereunder and was required to file an initial Form 13H and annual Forms 13H and amendments as appropriate thereafter. However, Respondent failed to file an initial Form 13H until April 2024."