SEC-PR-2024-15 (Feb. 6, 2024)
SEC Charges China-Based Tech Company Cloopen Group with Accounting Fraud – Commission declines to impose civil penalties because of company’s self-reporting, cooperation and remediation
The Securities and Exchange Commission today announced settled accounting fraud charges against Cloopen Group Holding Limited, a China-based provider of cloud communications products and services whose American depositary shares formerly traded on the New York Stock Exchange. The SEC determined not to impose civil penalties against Cloopen because the company self-reported its accounting issues, cooperated extensively with the staff’s investigation, and undertook prompt remedial measures.
Date: Feb. 6, 2024
Accessed: Aug. 1, 2024
Source URL: https://www.sec.gov/newsroom/press-releases/2024-15
Categories:
PDF Notes:
- The PDF viewer below disables the links inside the PDF file.
- The PDF file may be downloaded if you wish.
- All links within the PDF Download are fully functional.