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Violation Tracker Individual Record

Company: FalconStor Software, Inc.
Penalty: $2,900,000
Year: 2012
Date: June 27, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: kickbacks and bribery
Violation Description: FalconStor Software, Inc., a Long Island, N.Y., data storage company, agreed to pay $2.9 million to settle SEC allegations that it misled investors about bribes it paid to obtain business with a subsidiary of J.P. Morgan Chase & Co.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.