Defendant Name: FMC Technologies, Inc.

Defendant Type: Public Company
SIC Code: 3533
CUSIP: 30249U10

Document Reference: 34-79127

Document Details

Legal Case Name In the Matter of FMC Technologies, Inc., Jeffery Favret, CPA, and Steven K. Croft, CPA
Document Name Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings and Imposing Remedial Sanctions, Cease-and-Desist Orders and Penalties
Document Date 20-Oct-2016
Document Format Administrative Proceeding
File Number 3-17639
AAER 3816
Allegation Type Issuer Reporting and Disclosure
Document Summary On October 20, 2016, the SEC instituted a settled administrative proceeding against FMC Technologies, Inc. and two former executive Jeffrey Favret and Steven K. Croft. According to the SEC, "this matter involves various books and record and internal accounting controls violations by [respondents]".

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Monetary Penalties:

Civil Penalty

Individual:     $2,500,000.00 Shared:    

Related Documents:

2016-221 20-Oct-2016 Press Release--Administrative Proceeding
Company and Former Executives Paying Penalties for Accounting Violations
On October 20, 2016, the SEC issued a press release announcing that "a Houston-based technology solutions company has agreed to pay a $2.5 million penalty to settle charges that it overstated profits in one of its business segments. Two then-executives at the company agreed to settle charges that they caused the violations to meet internal targets."

Other Defendants in Action:

Steven K. Croft
Jeffrey Favret