SEC: Super Micro accounting violations securities case
US Securities and Exchange Commission · decided Aug 25, 2020 · Settled
The SEC found Super Micro recognized revenue too early and understated expenses for at least three years.
The case
- Against
- Super Micro Computer
- Regulator
- US Securities and Exchange Commission
- Decided
- Aug 25, 2020
- Status
- Settled
- Outcome
- Super Micro paid a $17.5 million penalty; CEO Charles Liang reimbursed $2.1 million in stock profits.
- Amount
- $17.5 million
History
1 dated entry| Date | Entry | ||
|---|---|---|---|
| Aug 25, 2020 | Decision: SEC: Super Micro accounting violations | Decision | Link |
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Caption and links
In re Super Micro Computer, Inc.
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