On May 6, 2022, the Securities and Exchange Commission (“SEC”) announced a $5.5 million settlement of charges against NVIDIA Corporation (“NVIDIA”) for allegedly failing to adequately.
On May 3, the Securities and Exchange Commission (SEC) announced that it was nearly doubling the size of the Enforcement Division’s Crypto Assets and Cyber Unit in order to pursue cases.
The rise in popularity of cryptocurrency and crypto mining has seen Nvidia become a casualty by the company being on the receiving end of a US$5.5 million (S$7.7 million) fine from the US Securities and Exchange Commission (SEC). In a press release, the SEC said that: During consecutive quarters in Nvidia’s fiscal year 2018, the company failed to disclose that.
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