HLI · CIK 0001302215
What Houlihan Lokey, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for HLI. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- international operations (~32.2% of revenue)low
Houlihan Lokey earned ~32.2% of fiscal 2026 revenue from international operations (many of its larger clients are non-U.S. entities) and intends to grow into less-familiar regions, exposing it to foreign legal, FX, FCPA and political risk.
“In fiscal 2026, we earned approximately 32.2% of our revenue from our international operations. We intend to grow our non-United States business, including growth into new regions with which we have less familiarity and experience, and this growth is important to our overall success. Many of our larger clients are non-United States entities.”
SEC filing →As of 2026
Regulatory & policy
- OFAC sanctions / FinCEN AML compliance (broker-dealer)low
As a broker-dealer, Houlihan Lokey is subject to FinCEN customer due diligence/AML rules and OFAC sanctions, and is generally prohibited from dealing with Specially Designated Nationals or transacting with comprehensively sanctioned countries and entities.
“In addition, OFAC administers a number of comprehensive sanctions and embargoes that target certain countries, governments and geographic regions. We are generally prohibited from engaging in transactions involving any country, government, entity, or person that is subject to such comprehensive sanctions.”
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