Defendant Name:
SandRidge Energy, Inc.
Defendant Type:
Public Company
SIC Code:
1311
CUSIP:
80007P86
Document Reference:
34-79607
Document Details
Legal Case Name
In the Matter of SandRidge Energy, Inc.
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
20-Dec-2016
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On December 20, 2016, the SEC instituted a settle proceeding against SandRidge Energy, Inc. for violating Section 21F, "Whistleblower Incentives and Protection" of the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to the SEC: "beginning before August 12, 2011, and continuing through the present, SandRidge enters into separation agreements with certain employees who are leaving the company." The separation agreements are in violation of Section 21F(h) Exchange Act and Rule 21F-17 thereunder.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$1,400,000.00
Shared:
