In the Matter of Trump Hotels & Casino Resorts, Inc.
Reporting cited here
- documented
The SEC finding contradicts the accuracy of the cited investor communication, while the administrative settlement included no admission or denial.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: Audit finding · Cited analysis
- documented
The company presented the earnings release as an account of improved operating performance.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: Promised · Promised
- documented
The release omitted material one-time items while highlighting a favorable comparison.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: The record · The record
- documented
Trump chaired the company, approved the release according to the SEC order, and was its public face.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: The record · The record
- documented
The company represented its earnings communication as a reliable account for investors.
Findings concerning the 1999 earnings release and cease-and-desist order - documented
The company settled without admitting or denying the SEC findings.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: Evidentiary limit · Evidentiary limit
- documented
The SEC found the release materially misleading and entered a cease-and-desist order.
Findings concerning the 1999 earnings release and cease-and-desist orderMisleading casino-company earnings release: Outcome · Outcome
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The order established a federal securities-disclosure violation by the public company, on the settlement's no-admit-no-deny terms.
Findings concerning the 1999 earnings release and cease-and-desist orderSEC casino-company disclosure order: Audit finding · Cited analysis
- documented
The settlement was without admission or denial, and the order ran against the company rather than Trump personally.
Findings concerning the 1999 earnings release and cease-and-desist orderSEC casino-company disclosure order: Evidentiary limit · Evidentiary limit
- documented
The company accepted a cease-and-desist order governing future disclosures.
Findings concerning the 1999 earnings release and cease-and-desist order - documented
The SEC found that the communication omitted material information and violated reporting provisions.
Findings concerning the 1999 earnings release and cease-and-desist orderSEC casino-company disclosure order: The record · The record
- documented
Trump chaired the company and approved the cited release according to the SEC's findings.
Findings concerning the 1999 earnings release and cease-and-desist orderSEC casino-company disclosure order: The record · The record