An SEC filing by SolarWinds says that the enforcement staff of the SEC has sent the company a “Wells Notice” concerning the company investigation of the cyberattack by Russian State actors in 2020. The notices state that the SEC staff has made a preliminary determination to recommend that the SEC file a civil enforcement action against the recipients alleging violations of certain securities laws.
Solar Winds began notifying its customers of the breach in mid-December 2020. The company denies wrongdoing.
Jeffrey Newman is a whistleblower lawyer who handles SEC whistleblower cases, among other kinds of whistleblower cases. He can be reached at 617-823-3217 or at Jeff@Jeffnewmanlaw.com
