sec whistleblower attorneys
September 30, 2020
BGC Partners, Inc.
Financial Fraud
SANCTION AMOUNT: $1400000
Defendants: BGC Partners, Inc.
According to the SEC’s Order, Respondent BGC, a global brokerage company servicing the financial and real estate markets, included false statements in earnings releases concerning a key non-GAAP financial measure it called post-tax distributable earnings or Post-Tax DE. Respondent agreed to settle the charges and pay this sanction, in the form of a penalty.
- Key Docs
- Official SEC press release
