SEC casino-company disclosure order
What happened
promisedocumented The company represented its earnings communication as a reliable account for investors.
- U.S. Securities and Exchange Commission: In the Matter of Trump Hotels & Casino Resorts, Inc.2002-01-16 · Findings concerning the 1999 earnings release and cease-and-desist order
actiondocumented The SEC found that the communication omitted material information and violated reporting provisions.
- U.S. Securities and Exchange Commission: In the Matter of Trump Hotels & Casino Resorts, Inc.2002-01-16 · Findings concerning the 1999 earnings release and cease-and-desist order
outcomedocumented The company accepted a cease-and-desist order governing future disclosures.
- U.S. Securities and Exchange Commission: In the Matter of Trump Hotels & Casino Resorts, Inc.2002-01-16 · Findings concerning the 1999 earnings release and cease-and-desist order
limitationdocumented The settlement was without admission or denial, and the order ran against the company rather than Trump personally.
- U.S. Securities and Exchange Commission: In the Matter of Trump Hotels & Casino Resorts, Inc.2002-01-16 · Findings concerning the 1999 earnings release and cease-and-desist order
- The Washington Post: SEC Faults Trump on Profit Data2002-01-17 · SEC order, company response, and no-admission context
People and organizations
- Trump Hotels & Casino Resorts investorsaffected party
- U.S. Securities and Exchange Commissionaffected party
Assessment
The order established a federal securities-disclosure violation by the public company, on the settlement's no-admit-no-deny terms.