In re Pearson plc (SEC Administrative Proceeding)
SEC Administrative Proceeding File No. 3-20462
Court
U.S. Securities and Exchange Commission
Plaintiffs
U.S. Securities and Exchange Commission
Defendants
Pearson plc
Causes of action
Securities Act Sections 17(a)(2) and 17(a)(3); Exchange Act Section 13(a) and Rules 12b-20, 13a-15(a), and 13a-16
Settlement
$1,000,000 civil penalty
Allegations
Pearson plc made misleading disclosures about the November 2018 AIMSweb 1.0 cyber intrusion that affected approximately 13,000 schools and exposed approximately 11.5 million student records (including names, dates of birth, email addresses).
Outcome / Status
Settled. Cease-and-desist order entered.
Appellate history
None