The SEC had found Juniper Networks Inc to be non-compliant with provisions of the Foreign Corrupt Practices Act (FCPA). The U.S. Securities and Exchange Commission stated, it has fined and settled with Juniper Networks Inc, a sum more than $11.7… Read More ›
charges
SEC fines BMO Capital Markets and Cantor Fitzgerald & Co over ADR malpractices
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›
Office Depot & Support.com Inc to pay total fine of $35M to FTC
While Office Depot will pay $25 million, Support.com will be paying $10 million. The U.S. Federal Trade Commission stated, Office Depot Inc and Support.com Inc, a software firm, have agreed to pay $35 million to settle its charges that they… Read More ›
The Chinese ‘business model’
There are a growing number of instances where Chinese companies are luring top executives with large sums of money to leak and sell corporate and industrial secrets so that they can set up base in China. Former and past BASF… Read More ›
Tokyo prosecutors to arrest Carlos Ghosn for yet another crime
As a result of the filing of fresh charges in a separate crime, Carlos Ghosn’s detentions is likely to be extended up to December 30, 2018. On Tuesday, Japan’s Sankei newspaper reported, prosecutors plan on arresting Carlos Ghosn on a… Read More ›
Chinese-born German engineer caught in industrial espionage
In 2017, China passed the National Intelligence Law which places a duty on all its citizens to act as “intelligence organs” of the state security and support the national intelligence network. In a development that underscores growing concerns among German… Read More ›
Tesla appoints Robyn Denholm as Musk’s replacement as the board’s chairman
The move is essentially a compliance against the deal Tesla entered with the SEC in September 2018 to settle fraud related charges against Tesla and Elon Musk. As demanded by the U.S. Securities and Exchange Commission, Tesla Inc’s board… Read More ›
Germany is willing and ready to support battery makers: German Economic Minister Peter Altmaier
With battery technology being central to electric cars, Germany is exploring ways to boost the industry by supporting and exempting it from certain energy levies. On Tuesday, Germany’s Economy Minister Peter Altmaier said, the government is willing to support battery… Read More ›
U.S. Justice Department and CFTC charges 3 banks and 8 individuals with “spoofing” of U.S. futures and commodities market
The series of lawsuits mark the growing trend of the Justice Department holding individuals accountable for their roles in corporate wrongdoings. The U.S. Justice Department along with the Commodity Futures Trading Commission (CFTC) have filed a civil and criminal lawsuits… Read More ›