- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-09-28T17:45:00
Texas-based cybersecurity company Intrusion was charged with fraud by the Securities and Exchange Commission (SEC) regarding alleged materially false and misleading statements made by its former chief executive.
The company consented to the entry of a final judgement in reaching settlement, the SEC announced in a litigation release Tuesday. The settlement, which is pending court approval, calls for permanent injunctions against Intrusion.
From May 2020 through May 2021, Intrusion made materially false and misleading statements in press releases, earnings calls, interviews, and other public statements, the SEC alleged in its complaint, filed in U.S. District Court for the Eastern District of Texas.
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