SEC v. Advanced Cell Technology, Inc. (2014)

Settled

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In 2014 the SEC settled an administrative order against Advanced Cell Technology, Inc. for misleading disclosure about its CEO's Section 16(a) filings, with a $375,000 civil penalty.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-16095
Date filed	2014-09-10
Date resolved	2014-09-10
Status	settled
Asset class	equities
Criminal parallel	No
Defendants	Advanced Cell Technology, Inc. (entity)
Cited as charged or alleged	Exchange Act s.13(a) ; Exchange Act s.16(a) ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $375k
Disgorgement: —
Prejudgment interest: —
Total relief: $375k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On September 10, 2014 the SEC accepted a settlement with Advanced Cell Technology, Inc. The order finds that annual reports and proxy statements for fiscal years 2011 and 2012 said the company knew of no late Section 16(a) filings by insiders beyond those listed, when its CEO had filed four reports late and failed to file twelve, and it imposes a $375,000 civil penalty.

The $3.5 million disgorgement and $586,619 interest the record showed come from a separate earlier settlement the order mentions as background, not from this order. The order finds no Section 5 violation, so the record carries no technique tag and no disgorgement.

This library does not assign a technique tag to the matter, because no technique page in the current taxonomy describes the conduct the document records.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2014-09-10 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.