Defendant Name: Polycom, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Plantronics, Inc.
SIC Code: 3661
CUSIP: 72749310

Document Reference: 34-84978

Document Details

Legal Case Name In the Matter of Polycom, Inc.
Document Name 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
Document Date 26-Dec-2018
Document Format Administrative Proceeding
File Number 3-18964
AAER 4011
Allegation Type Foreign Corrupt Practices Act
Document Summary On December 26, 2018, the SEC issued an order against Polycom, Inc. stating: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by San Jose, California-based communications solutions provider, Polycom, Inc."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Disgorgement

Individual:     $10,672,926.00 Shared:    

Civil Penalty

Individual:     $3,800,000.00 Shared:    

Pre-Judgment Interest

Individual:     $1,833,410.00 Shared:    

Related Documents:

34-84978-s 26-Dec-2018 Administrative Summary
SEC Charges Polycom, Inc. with FCPA Violation
The SEC stated: "Polycom, Inc., a San Jose, California based provider of communications products, has agreed to pay more than $16 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with its Chinese subsidiary facilitating improper payments to government officials."