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A comment on SEC charges Nvidia with inadequate disclosures about impact of cryptomining. Parent comment

Re:SEC charges Nvidia with inadequate disclosures about impa... by Lukineus on Tuesday May 17, 2022 @04:33AM (#31407542)
> "NVIDIA agreed to a cease-and-desist order and to pay a $5.5 million penalty."

Cost of doing business.

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Re:SEC charges Nvidia with inadequate disclosures about impa... by H8crilA on Tuesday May 17, 2022 @08:21AM (#31409429)
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!

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Re:SEC charges Nvidia with inadequate disclosures about impa... by Melatonic on Tuesday May 17, 2022 @12:41PM (#31413210)
Wait seriously? What kind of percentage do you get? That is.....both interesting and terrifying in a way
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Re:SEC charges Nvidia with inadequate disclosures about impa... by smnrchrds on Tuesday May 17, 2022 @12:50PM (#31413354)
10% to 30%.

https://www.sec.gov/whistleblower

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Re:SEC charges Nvidia with inadequate disclosures about impa... by hef19898 on Tuesday May 17, 2022 @05:35AM (#31408002)
Yes, on the other hand not being called out by the SEC for insufficient disclosures helps with investor trust.
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Re:SEC charges Nvidia with inadequate disclosures about impa... by JumpCrisscross on Tuesday May 17, 2022 @09:46AM (#31410528)
This sets the stage for shareholder lawsuits, which are better equipped to assess actual damages.
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Re:SEC charges Nvidia with inadequate disclosures about impa... by nullc on Tuesday May 17, 2022 @10:27AM (#31411197)
Many of these actions are specifically geared to tee off civil lawsuits, so the total cost can be significantly greater.
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Re:SEC charges Nvidia with inadequate disclosures about impa... by ekianjo on Tuesday May 17, 2022 @07:14AM (#31408751)
thats pocket money for nvidia
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