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SECURITIES EXCHANGE ACT OF 1934. Release No. 87138 / September 27, 2019. ADMINISTRATIVE PROCEEDING File No. 3-19543. In the Matter of WESTPORT FUEL SYSTEMS, INC. and NANCY GOUGARTY
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Texto Completo
SECURITIES
EXCHANGE ACT OF 1934. Release No. 87138 / September 27, 2019.
ADMINISTRATIVE
PROCEEDING File No. 3-19543. In the Matter of WESTPORT FUEL SYSTEMS,
INC. and
NANCY GOUGARTY
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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