Defendant Name: Oracle Corporation

Defendant Type: Public Company
SIC Code: 7372
CUSIP: 68389X10

Initial Case Details

Legal Case Name In the Matter of Oracle Corporation
First Document Date 27-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21158
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 27-Sep-2022

Related Documents:

34-95913 27-Sep-2022 Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 27, 2022, the SEC instituted settled cease-and-desist proceedings against Oracle Corporation, stating: "This matter concerns violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by Oracle Corporation ("Oracle"), a Texas headquartered technology company, resulting from conduct undertaken by agents and employees of certain of its subsidiaries."
2022-173 27-Sep-2022 Press Release--Administrative Proceeding
SEC Charges Oracle a Second Time for Violations of the Foreign Corrupt Practices Act
On September 27, 2022, the SEC "announced settled charges requiring Oracle Corporation to pay more than $23 million to resolve charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA) when subsidiaries in Turkey, the United Arab Emirates (UAE), and India created and used slush funds to bribe foreign officials in return for business between 2016 and 2019."