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Violation Tracker Individual Record

Company: Surgalign Holdings, Inc.
Penalty: $2,000,000
Year: 2022
Date: August 3, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., agreed to pay $2 million to settle allegations that it masked disappointing sales numbers by shipping future orders ahead of schedule to accelerate, or pull forward, revenue and then failing to disclose this practice to investors.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.