Defendant Name:
American Electric Power Company, Inc.
Defendant Type:
Public Company
SIC Code:
4911
CUSIP:
02553710
Document Reference:
33-11356
Document Details
Legal Case Name
In the Matter of American Electric Power Company, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
17-Jan-2025
Document Format
Administrative Proceeding
AAER
4558
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On January 17, 2025, the SEC instituted settled cease-and-desist proceedings against American Electric Power Company, Inc., stating: "These proceedings arise out of American Electric Power’s violations of the federal
securities laws in connection with its relationship with, and statements made about, Empowering
Ohio’s Economy, Inc. (“Empowering Ohio”), an Internal Revenue Code Section 501(c)(4) entity
that American Electric Power formed, fully funded, and controlled."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Undertaking: "Respondent has undertaken to assist the Commission staff in the administration of a distribution plan, including any and all efforts to distribute to affected investors the monetary relief described in paragraph IV below. In connection with such assistance, Respondent will produce without service or notice of subpoena, any and all documents and other information reasonably requested by the Commission staff."
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$19,000,000.00
Shared:
