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Posts Tagged ‘ SEC ’

Facebook to buyback $6 billion of stock

Saturday, November 19, 2016 | More »

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Menlo Park, California-based social networking giant Facebook Inc. is all set for a stock buyback of $6 billion from its shareholders, according to a filing on Friday with the US regulator Securities and Exchange Commission. As per the company’s latest financial results, it has a cash reserve of $...

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Rediff.com to delist shares from NASDAQ

Indian internet firm Rediff.com India Ltd on Wednesday said it has filed an application with the US Securities And Exchange Commission (SEC) to voluntarily withdraw its American Depositary Shares (ADSs) from listing on the NASDAQ. The firm that survived the dot-com bust, but barely so, was strugglin...

28 April, 2016 | More »

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ShopClues CEO Sandeep Aggarwal arrested by FBI on insider trading charges

Sandeep Aggarwal, co-founder and CEO of Gurgaon-based Clues Network Pvt Ltd, the startup that runs the horizontal e-commerce marketplace ShopClues.com, has been arrested by the Federal Bureau of Investigation (FBI) on insider trading charges. Aggarwal was a Wall Street analyst prior to starting Shop...

31 July, 2013 | More »

PWC Pays Largest Ever Settlement to SEC over Satyam

The United States Securities and Exchange Commission (SEC) has sanctioned five India-based affiliates of PricewaterhouseCoopers (PwC) that formerly served as independent auditors of Satyam Computer Services Limited (currently Mahindra Satyam) for repeatedly conducting deficient audits of the company...

6 April, 2011 | More »

SEC Charges Satyam Computer Services With Financial Fraud

The United States Securities and Exchange Commission (SEC) has charged Satyam Computer Services Limited (currently Mahindra Satyam) with fraudulently overstating the company’s revenue, income and cash balances by more than $1 billion over five years. The SEC’s complaint, filed in U.S. District C...

6 April, 2011 | More »