DOOR agrees to pay $1.0 million SEC penalty to settle legacy practices probe
LTCH•DOOR said it will pay a $1.0 million civil penalty in quarterly installments to settle an SEC probe into legacy KPI disclosures, revenue recognition and related reporting issues.
1. Settlement finalized
Latch Inc.’s DOOR said the SEC finalized a settlement ending its probe into legacy KPI disclosures, revenue recognition and related reporting issues. The company consented to an SEC administrative order without admitting or denying the regulator’s findings, and will pay a $1.0 million civil penalty in quarterly installments. The probe began in 2022, following years of delayed filings and litigation tied to the same period.
