Us Securities And Exchange Commission

  • India, Turkey leads in 143.3m false Facebook accounts November 1, 2013

    An estimated 14.3 crore accounts on the popular social networking site Facebook may be false or duplicate, with a major chunk of them coming from developing markets like India and Turkey. Facebook, which boasts of 119 crore accounts globally, in a US Securities and Exchange Commission (SEC) filing said it estimates...
  • Rajat Gupta asked to pay $15 million as penalty November 16, 2012

    New York: The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider...
  • Oracle to pay $ 2 mn fine over India bribery charge August 17, 2012

    Washington: Software giant Oracle has agreed to pay $2 million to settle US regulators' charges that its Indian subsidiary violated foreign anti-bribery laws by secretly setting aside money to make unauthorised payments to phony vendors. In a complaint filed with the federal court in San Francisco, the US Securities and Exchange...
  • US: Rajat Gupta's last card June 11, 2012

    Rajat K Gupta is remarkably poised for a man who, if convicted of criminal conspiracy and securities fraud, could spend up to 20 years in jail. The 63-year-old ex-McKinsey head and former director on the boards of Goldman Sachs and Proctor & Gamble must have walked into meetings in a similar...
  • Google switches Nikesh Arora's payout to cash May 1, 2012

    San Francisco: Google Inc canceled thousands of stock options and stock units awarded to its chief business officer in April and said it would instead pay him $8 million in cash. Nikesh Arora, who oversees Google's revenue operations as well as marketing and partnerships, will receive the payment on May 11,...
  • Insider trading probe: relief for Rajat Gupta August 5, 2011

    New York: The US Securities and Exchange Commission has dropped its administrative action against former Goldman Sachs director Rajat Gupta in the hedge fund billionaire Raj Rajaratnam-linked insider trading probe but said it could still pursue charges against him in court. In a two-page filing, the SEC said: "the Commission has...
  • Rajat Gupta lived a double life: report May 23, 2011

    Washington: Rajat Gupta, a former Indian American managing director of the global consulting firm McKinsey & Co, accused by US regulators of inside trading "has lived a double life," a leading US daily has suggested. In March, the US Securities and Exchange Commission (SEC) filed an administrative order against him saying...