Medallion Financial Corp. Settles SEC Litigation with $3 Million Penalty and Compliance Commitments

Reuters

03 Jun

<a href="https://laohu8.com/S/MFIN">Medallion Financial Corp.</a> Settles SEC Litigation with $3 Million Penalty and Compliance Commitments

Medallion Financial Corporation has reached a settlement in a litigation case with the Securities and Exchange Commission $(SEC.UK)$, as confirmed by a U.S. District Court in the Southern District of New York on May 30, 2025. The company and its President and Chief Operating Officer agreed to a Final Judgment without admitting or denying the SEC's allegations. As part of the settlement, Medallion Financial Corporation will pay a civil penalty of $3 million, which was previously accounted for in the fourth quarter of 2024. Additionally, the company has agreed to undertake certain compliance-related measures and is enjoined from violating specified federal securities laws and regulations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-080229), on June 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Settles SEC Litigation with $3 Million Penalty and Compliance Commitments","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MFIN\">Medallion Financial Corp.</a> Settles SEC Litigation with $3 Million Penalty and Compliance Commitments\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Medallion Financial Corporation has reached a settlement in a litigation case with the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a>, as confirmed by a U.S. District Court in the Southern District of New York on May 30, 2025. The company and its President and Chief Operating Officer agreed to a Final Judgment without admitting or denying the SEC's allegations. 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Medallion Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-080229), on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MFIN","symbol_name":"Medallion Financial Corp.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDLc7CYlp:1","article_id":"2540713898","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540713898","pubTimestamp":1748894748,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Medallion Financial Corporation has reached a settlement in a litigation case with the Securities and Exchange Commission , as confirmed by a U.S. District Court in the Southern District of New York on May 30, 2025. 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Medallion Fi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MFIN":"Medallion Financial Corp.","BK4166":"消费信贷"},"translate_title":"Medallion Financial Corp.以300万美元罚款和合规承诺和解SEC诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFIN":0.9},"content_text":"Medallion Financial Corp. Settles SEC Litigation with $3 Million Penalty and Compliance Commitments\n    \n\n        Medallion Financial Corporation has reached a settlement in a litigation case with the Securities and Exchange Commission $(SEC.UK)$, as confirmed by a U.S. District Court in the Southern District of New York on May 30, 2025. The company and its President and Chief Operating Officer agreed to a Final Judgment without admitting or denying the SEC's allegations. As part of the settlement, Medallion Financial Corporation will pay a civil penalty of $3 million, which was previously accounted for in the fourth quarter of 2024. 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