Defendant Name:
American Electric Power Company, Inc.
Defendant Type:
Public Company
Document Reference:
33-11356-s
Document Details
Legal Case Name
In the Matter of American Electric Power Company, Inc.
Document Name
SEC Charges American Electric Power Company with Making Fraudulent Disclosures
Document Date
17-Jan-2025
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On January 17, 2025, the SEC stated that: "[It] charged American
Electric Power Company, Inc. (“AEP”) with fraud in connection with statements it made in a
press release regarding AEP’s relationship with a related party and payments made to
entities associated with politicians. AEP agreed to settle the charges and pay a civil
penalty of $19 million."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$19,000,000.00
Shared:
Related Documents:
33-11356
17-Jan-2025
Administrative Proceeding
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
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."
34-102529
05-Mar-2025
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until March 17, 2026, to submit a Proposed Plan of Distribution is granted."
34-104802
10-Feb-2026
Administrative Proceeding
Second Extension Order
The Commission ordered that: "[T]he Division’s request for an extension of time until May 15, 2026 to submit a Proposed Plan of Distribution is
granted."
34-104801
10-Feb-2026
Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase
LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."
34-105122
30-Mar-2026
Administrative Proceeding
Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing the Approval and Payment of the Fees and Expenses of Administration
The Commission ordered that: "A. Epiq is appointed as the Fund Administrator . . . ; B. Epiq shall obtain a bond . . . in the amount of $19,000,000; C. the Fund Administrator will submit invoices to the Commission staff for services rendered . . . ; and D. at the direction of an Assistant Director of the Office of Distributions, OFM is authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund . . . so long as the total amount paid to the Fund Administrator, including the invoice to be paid, does not exceed the total amount of the approved cost proposal submitted by the Fund Administrator."
