Defendant Name:
Powersecure International, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Southern Company
SIC Code:
4911
CUSIP:
84258710
Document Reference:
34-79256
Document Details
Legal Case Name
In the Matter of PowerSecure International, 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
07-Nov-2016
Document Format
Administrative Proceeding
AAER
3822
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 7, 2016, the SEC instituted settled cease-and-desist proceedings against PowerSecure International, Inc. for its "financial reporting, books and record, and internal control violations [...]. From 2012 to 2014, PowerSecure failed to accurately identify and report its segments as required by GAAP."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$470,000.00
Shared:
