Willis Lease Finance settles SEC action on late filings

Engine lessor, Willis Lease Finance Corporation and certain executive has settled with the US Securities and Exchange Commission (SEC) for failing to file timely reports regarding their stock ownership. The SEC’s case was part of a broad sweep against multiple public companies and their executives relating to late filings of such reports. Willis Lease Finance commented that the “officers had typically reported their securities transactions to the Company, and had been informed that timely filings with the SEC had been made on their behalf. However, on certain occasions, Company personnel failed to make such filings with the SEC on a