Medallion Financial settles SEC litigation, pays $3M penalty

MEDALLION FINANCIAL CORP

Final judgment entered May 30, 2025, in S.D.N.Y. resolving SEC suit against Medallion and its President/COO.
Company consents to permanent injunctions from violating federal securities laws and compliance undertakings.
Civil penalty of $3,000,000, previously accrued in Q4 2024, paid without admitting or denying allegations.
Settlement removes litigation uncertainty but imposes ongoing compliance obligations.

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