According to the SEC, between 2018 and 2021 the Santa Monica, California-based company failed to implement controls and procedures across its business units that would allow it to collect and analyze employee complaints of workplace misconduct.

As a result, the company did not have sufficient information to understand the magnitude of employee complaints about workplace misconduct. That shortcoming “left it without the means to determine whether larger issues existed that needed to be disclosed to investors,” Jason Burt, director of the SEC’s Denver regional office, said in a statement.