Defendant Name:
Flagstar Bancorp, Inc., Now Known as "Flagstar Financial, Inc."
Defendant Type:
Public Company
Document Reference:
33-11343-s
Document Details
Legal Case Name
In the Matter of Flagstar Bancorp, Inc., now known as “Flagstar Financial, Inc.”
Document Name
SEC Charges Flagstar for Misleading Investors About Cyber Breach
Document Date
16-Dec-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 16, 2024, the SEC stated that "[it] led settled charges against Flagstar Bancorp, Inc. (now known as "Flagstar Financial, Inc."), for making materially misleading statements regarding a cybersecurity attack on Flagstar's network in late 2021 (the "Citrix Breach")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$3,550,000.00
Shared: