Defendant Name: BOKF, NA

Defendant Type: Subsidiary of Public Company

Document Reference: 2016-182

Document Details

Legal Case Name In the Matter of BOKF, NA
Document Name BOK Financial, Senior Executive Charged with Turning Blind Eye to Investment Scheme
Document Date 09-Sep-2016
Document Format Administrative Proceeding
File Number 3-17533
Allegation Type Securities Offering
Document Summary On September 9, 2016, the SEC announced that: "a subsidiary of Oklahoma-based BOK Financial Corporation has agreed to pay more than $1.6 million to settle charges that it concealed numerous problems and red flags from investors in municipal bond offerings to purchase and renovate senior living facilities."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking

Related Documents:

33-10204 09-Sep-2016 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 September 9, 2016, the SEC issued a settled administrative proceedings against BOKF, NA. According to the SEC: "These proceedings arise out of the assistance provided by BOKF to Christopher Brogdon ("Brogdon") in connection with a series of fraudulent bond offerings through which Brogdon raised millions of dollars from investors to build, purchase, and renovate nursing homes, assisted living facilities, and retirement communities throughout the Southeastern and Midwestern United States."
34-81905 19-Oct-2017 Administrative Proceeding
Order Establishing Fair Funds and Transferring Fair Funds to a Court-Appointed Monitor
"The Division of Enforcement ("Division") now requests that a Fair Fund be established pursuant to Section 308(a) of the Sarbanes-Oxley Act, for the $1,667,721.36 in disgorgement, prejudgment interest, and civil money penalty paid by BOKF, and that the Fair Fund be transferred to the Monitor in the Brogdon District Court Action, so that the Fair Fund can be combined with the funds obtained in that action and distributed by the Monitor to harmed investors."

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