All Posts Tagged Tag: ‘Securities and Exchange Commission’

HP to Pay $108 Million Over Bribery and Money Laundering Charges

Hewlett-Packard this week agreed to pay $108 million to the U.S. Securities and Exchange Commission and the U.S. Department of Justice to settle money laundering and bribery charges. The charges were brought against HP for violations of the Foreign Corrupt Practices Act. According to the charges, the company’s subsidiaries provided substantial bribes to officials in foreign countries to secure IT …

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Mark Cuban Insider Trading Trial Begins

Mark Cuban, the multibillionaire owner of the Dallas Mavericks, is dealing with something that his entrepreneurial skills may not be able to help him with. According to court documents, the businessman is on trial of accusations he “committed fraud by engaging in illegal insider-trading.” After nearly a decade long federal insider trading investigation, the Securities and Exchange Commission (SEC) filed …

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Alcoholics Anonymous Reveals Insider Trading

The Securities and Exchange Commission’s (SEC) Philadelphia branch filed an insider trading complaint with federal regulators late last year. Since then charges have been placed against a financial consultant at Ameriprise Financial Services and four of his colleagues for shares that were purchased in Philadelphia Consolidated Holding Corp. in early 2008. According to the the SEC, McGee learned about an …

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