Defendant Name:
General Cable Corporation
Defendant Type:
Public Company
SIC Code:
3357
CUSIP:
36930010
Document Reference:
34-79702
Document Details
Legal Case Name
In the Matter of General Cable Corporation
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
29-Dec-2016
Document Format
Administrative Proceeding
AAER
3840
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 29, 2016, SEC issued an administrative order against General Cable Corporation ("GCC"). According to SEC, from 2008 to the second quarter of 2012, "GCC materially misstated its financial statements due to improper inventory accounting at its Brazil subsidiary that went undetected due to the company's internal accounting controls failures."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$6,500,000.00
Shared:
