Sunday, Dec 04, 2022

US Securities and Exchange Commission


US regulators step up scrutiny of IPO hopefuls from China

July 31, 2021 10:26 am

Beijing said it would step up its supervision of Chinese companies listed overseas, including reviews of their cybersecurity.

Walmart to pay over $282 mn for violating anti-corruption regulations in four countries

June 21, 2019 12:23 pm

According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made payments to foreign government officials without reasonable assurances that they complied with the FCPA.

SEC sues Volkswagen, former chief executive Winterkorn, citing 'Dieselgate' fraud on investors

March 15, 2019 1:30 pm

Winterkorn, who resigned days after the scandal became public in September 2015, was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker's diesel emissions cheating.

Indian-origin executive settles charges with SEC, another charged for making false claims

August 25, 2018 12:16 pm

Ravichandran, a resident of Boston, had founded Endurance in 1997 and served as the company's Chief Executive Officer and as a member of the Board of Directors.

Securities and Exchange Commission charges Indian-origin man, business associate with fraud

April 03, 2018 9:32 am

The Securities and Exchange Commission (SEC) on Monday charged Sohrab Sharma and Robert Farkas, co-founders of a purported financial services start-up Centra Tech.

Over $500 mn in bank shares transferred on Thai king's behalf

October 07, 2017 1:02 pm

The transfers come after legal amendments passed in July gave King Maha Vajiralongkorn, who took the throne one year ago after the death of his father, direct control over a committee that oversees the CPB.

Three Indian-Americans charged in insider trading scheme

June 14, 2014 10:37 am

Saleem Khan used the confidential information to illegally trade on more than 40 occasions ahead of the company's public release.

US SEC seeks lifetime ban, hefty fine for Rajat Gupta

March 23, 2014 3:05 am

Gupta, 65, has been granted time till April 7 to file his reply to the SEC brief.

Cognizant reshuffles top order

December 08, 2013 1:50 am

Cognizant said that three senior executives Sumithra Gomatam,Debashis Chatterjee,and Allen Shaheen will assume new responsibilities reporting to Mehta.

Facebook director Marc Andreessen's firm sells 2.28 mn shares

November 11, 2013 11:43 am

Andreessen's venture-capital firm Andreessen Horowitz still holds 4.57 million shares in Facebook.