regulatory
confidence high
sentiment negative
materiality 0.60
Bancorp settles SEC investigation, agrees to $1.75M penalty and cease-and-desist order
Bancorp, Inc.
- SEC investigation into CMBS record-keeping, reporting, and internal control violations resolved.
- Company consents to cease-and-desist order and $1.75M penalty; charge in Q3 2022.
- Settlement ends legal costs, subpoena compliance, and cooperation with SEC.
- Company did not admit or deny allegations.