The $980k fine is for not complying with certain regulations and making false and misleading statements to investors. This is the first tech unicorn that the SEC has fined.
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SEC fines HR software startup Zenefits
"This settlement closes the chapter on a journey we began 18 months ago to transform Zenefits through new values and leadership," said Josh Stein, General Counsel at Zenefits, in a statement. "I'm pleased to have reached an agreement with the SEC regarding Zenefits, and I'm incredibly proud of what we built there and grateful to have worked with such a talented group of people," said Conrad, who now runs a new startup, in a statement sent to Axios.
