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by Lukineus 1496 days ago
> "NVIDIA agreed to a cease-and-desist order and to pay a $5.5 million penalty."

Cost of doing business.

5 comments

More like the SEC lacked evidence that this was intentional.

Remember about the SEC whistleblower program, if you had inside proof of intent the fine would be a lot higher, and you'd get a share of the fine!

Wait seriously? What kind of percentage do you get? That is.....both interesting and terrifying in a way
Yes, on the other hand not being called out by the SEC for insufficient disclosures helps with investor trust.
This sets the stage for shareholder lawsuits, which are better equipped to assess actual damages.
Many of these actions are specifically geared to tee off civil lawsuits, so the total cost can be significantly greater.
thats pocket money for nvidia