Defendant Name:
BOKF, NA
Defendant Type:
Subsidiary of Public Company
Document Reference:
34-81905
Document Details
Legal Case Name
In the Matter of BOKF, NA
Document Name
Order Establishing Fair Funds and Transferring Fair Funds to a Court-Appointed Monitor
Document Date
19-Oct-2017
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
"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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
ORDERED that: A. pursuant to Section 308(a) of the Sarbanes-Oxley Act, a Fair Fund is established for the disgorgement, prejudgment interest, and civil money penalty paid by BOKF; B. pursuant to Section 308(a) of the Sarbanes-Oxley Act, a Fair Fund is established for the disgorgement, prejudgment interest, and civil money penalties paid by, and to be paid by, LFC and Lawson; and C. the Fair Funds willbe transferred to the Monitor’s bank account established in the Brogdon District Court Action,for distribution to harmed investors,pursuant to the distribution plan approved by the Court in that action.
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$984,200.73
Shared:
Civil Penalty
Individual:
$600,000.00
Shared:
Pre-Judgment Interest
Individual:
$83,520.63
Shared:
Total Penalty
Individual:
$1,667,721.36
Shared:
