Quanta Receives Notice From SEC Recommending Enforcement Action

Quanta has received a Wells notice from the Los Angeles Regional Office of the SEC recommending an enforcement action be filed against the company, it said in a statement.

• Based on financial statements and other information contained in reports filed since 2021 and press releases
• Company to defend action if SEC files suit
• Timing not defined
• SEC alleges Quanta has violated Section 17(a) of the Securities Act of 1933, Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13 and 13a-15
• Link to statement

To contact the reporter on this ...