SECURITIES EXCHANGE ACT OF 1934. Release No. 87138 / September 27, 2019. ADMINISTRATIVE PROCEEDING File No. 3-19543.

SECURITIES EXCHANGE ACT OF 1934. Release No. 87138 / September 27, 2019. ADMINISTRATIVE PROCEEDING File No. 3-19543.

Sumario:

“matter concerns violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act (“FCPA”) by Westport Fuel Systems, Inc., a Canadian clean fuel technology company headquartered in Vancouver, Canada, and its former Chief Executive Officer, Nancy Gougarty”.

“Westport shall pay disgorgement of $2,350,000, prejudgment interest of $196,000 and civil penalties of $1,500,000, to the Securities and Exchange Commission for a total payment of $4,046,000 to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, subject to Section 21F(g)(3) of the Exchange Act. Payment shall be made in the following installments: $2,023,000 within fourteen days of the entry of this Order, and four payments of $505,750 each to be made within 90, 180, 270, and 362 days from the entry of this Order. Payments shall be applied first to post order interest, which accrues pursuant to SEC Rule of Practice 600 and pursuant to 31 U.S.C. 3717. Prior to making the final payment set forth herein, Westport shall contact the staff of the Commission for the amount due. If Westport fails to make any payment by the date agreed and/or in the amount agreed according to the schedule set forth above, all outstanding payments under this Order, including post-order interest, minus any payments made, shall become due and payable immediately at the discretion of the staff of the Commission without further application to the Commission.

E. Gougarty shall, within 10 days of the entry of this Order, pay a civil money penalty of $120,000 to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, subject to Section 21F(g)(3) of the Exchange Act.

F. If timely payment is not made, additional interest shall accrue pursuant to 31 U.S.C. § 3717 or SEC Rule of Practice 600. Payment must be made”.  

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