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 Indiaborn fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publiclytraded 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 antibribery 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 63yearold exMcKinsey 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 Rajaratnamlinked insider trading probe but said it could still pursue charges against him in court. In a twopage 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...