Defendant Name: Westport Fuel Systems, Inc.

Defendant Type: Public Company
SIC Code: 6220
CUSIP: 96090830

Initial Case Details

Legal Case Name In the Matter of Westport Fuel Systems, Inc. and Nancy Gougarty
First Document Date 27-Sep-2019
Initial Filing Format Administrative Action
File Number 3-19543
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A
Additionally, Nancy Gougarty is alleged to have caused Westport Fuel Systems, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Nancy Gougarty is alleged to have caused Westport Fuel Systems, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 27-Sep-2019
Headline Total Penalty and Disgorgement $4,046,000

Related Documents:

34-87138 27-Sep-2019 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 27, 2019, the SEC instituted settled cease and desist proceedings against Westport Fuel Systems, Inc. ("Westport") and Nancy Gougarty ("Gougarty") (collectively, "Respondents"). The SEC stated: "This 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."
2019-197 27-Sep-2019 Press Release--Administrative Proceeding
SEC Charges Canadian Clean Fuel Technology Company and Former CEO with FCPA Violations
The SEC stated that: "Westport Fuels Systems, Inc., a Canadian clean fuel technology company headquartered in Vancouver, Canada, and its former chief executive officer, Nancy Gougarty, of Leesville, South Carolina, have agreed to pay more than $4.1 million to resolve charges that they violated the Foreign Corrupt Practices Act (FCPA) by paying bribes to a foreign government official in China."

Other Defendants in Action:

Nancy Gougarty