shares of software company scworx corp were trading higher on the nasdaq thursday after the company said it reached an agreement in principle with the us securities and exchange commission staff on a previously disclosed matter scworx received a wells notice from sec staff on december 8 2021 in which the staff made a preliminary determination to recommend an enforcement action against the company the sec will send a wells notice when it is planning an enforcement action against a company scworx said it agreed to resolve that matter and pay 125000 in a civil monetary penalty the agreement with the sec staff is subject to approval by the sec at 246 pm et shares of scworx were trading 315 higher at 117 volume at the time topped 15 million shares above the stocks 65day average volume of 128583 the stock opened the days trading at 94 cents and earlier was trading as low as 88 cents the company fully cooperated with the secs investigation and believes the settlement is in the best interest of the company said tim hannibal chief executive