Defendant Name:
SpeedRoute LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Overstock.com, Inc.
SIC Code:
5999
CUSIP:
69037010
Document Reference:
34-102157
Document Details
Legal Case Name
In the Matter of SpeedRoute LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
10-Jan-2025
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On January 10, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against SpeedRoute LLC, stating: "This matter concerns SpeedRoute’s failure to file Suspicious Activity Reports
(“SARs”) from at least January 1, 2020 through December 31, 2023 (the “Relevant Period”),
relating to suspicious transactions conducted through its agency routing business."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$600,000.00
Shared:
