Action against Respondent, a technology company, for alleged failure to implement and maintain sufficient Internal Control Financial Reporting.  According to the SEC, Respondent’s Forms 10-K disclosed material weaknesses related to its financial statements and reporting over a period of seven years but did not adequately address those weaknesses, which included inadequate accounting staffing and inadequate financial information technology.  Respondent has agreed to pay a civil penalty of $100,000.

SEC Order

SEC Press Release