Eagle Bancorp, Inc. – EGBN: SEC Investigation Update
An undisclosed SEC investigation is again confirmed. Undisclosed SEC investigative activity found at Eagle Bancorp since Jul-2019, again confirmed as ongoing on 13-Jan-2021. The first Freedom of Information Act (FOIA) response indicating an SEC investigation was dated 16-Jul-2019. On-going enforcement proceedings confirmed on appeal three times since, most recently on 13-Jan-2021. The company makes repeated and sweeping generalizations regarding investigation(s) by regulatory agencies on which little detail is provided. This includes involvement by the US Attorney, which is a criminal exposure.
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