SEC: Super Micro accounting violations securities case
Regulator
US Securities and Exchange Commission
acted against
Against
The SEC found Super Micro recognized revenue too early and understated expenses for at least three years.
The case
- 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 entrySEC: Super Micro accounting violationsSource