The SEC has instituted an administrative proceeding against Zerify, Inc. after the cybersecurity company failed to keep its periodic reporting current. According to the Commission, Zerify has not filed any periodic reports since submitting a Form 10-Q for the period ended September 30, 2023. The company's common stock continues to receive unsolicited quotations on OTC Link ATS under the symbol ZRFY, creating a notable divide between continued market visibility and an SEC reporting record that has been inactive for nearly three years.
U.S. Securities and Exchange Commission (SEC)
Official Release: https://www.sec.gov/files/litigation/admin/2026/34-106452.pdf
NEWS:
The U.S. Securities and Exchange Commission instituted administrative proceedings against Zerify, Inc. on September 21, 2026, pursuant to Section 12(j) of the Securities Exchange Act of 1934. The SEC identifies Zerify, CIK No. 1285543, as a Wyoming corporation located in Edison, New Jersey with a class of securities registered under Section 12(g) of the Exchange Act. According to the order, Zerify has not filed a periodic report with the Commission since its Form 10-Q covering the quarter ended September 30, 2023.
The filing gap is particularly relevant because Zerify has historically presented itself as a cybersecurity-focused issuer while its common stock remains visible in the OTC market. The SEC states that unsolicited quotations for Zerify common stock, symbol ZRFY, continue to be submitted on OTC Link ATS. That distinction matters for due diligence: the continued existence of a tradable symbol or market quotation does not mean an issuer is current with its federal reporting obligations. Without current Forms 10-K and 10-Q, investors may lack updated audited financial statements, liquidity disclosures, capital-structure changes, operating results and management discussion that would normally form part of an active reporting company's disclosure record.
The Commission further alleges that Zerify repeatedly failed to meet its periodic reporting obligations and either failed to respond to a delinquency letter from the Division of Corporation Finance or did not receive the letter because it failed to maintain a valid address with the SEC. Section 12(j) permits the Commission, following the administrative process, to suspend or revoke the registration of securities where an issuer has failed to comply with Exchange Act requirements. The September 21 order begins that process; it does not mean Zerify's registration had already been revoked on that date. For investors researching ZRFY, the central issue is therefore not simply whether the ticker remains visible, but how old the issuer's underlying regulatory information has become.
KEY POINTS:
- The SEC instituted proceedings against Zerify, Inc. on September 21, 2026.
- The matter is Exchange Act Release No. 106452 and Administrative Proceeding File No. 3-22742.
- Zerify's SEC CIK is 1285543.
- The company is identified as a Wyoming corporation located in Edison, New Jersey.
- The SEC says Zerify has not filed a periodic report since its Form 10-Q for the period ended September 30, 2023.
- Zerify common stock continues to receive unsolicited quotations on OTC Link ATS under symbol ZRFY.
- The Commission says the company failed to respond to a delinquency letter or may not have received it because it failed to maintain a valid address with the SEC.
- The proceeding may lead to suspension or revocation of the securities registration, but the September 21 order itself is the start of the administrative process rather than a final revocation.