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Hyperdynamics Announces Settlement with the SEC
Hyperdynamics Announces Settlement with the SEC.
About this update from Hyperdynamics Corp
[{"type":"text","content":"\n\n\n\nHyperdynamics Announces Settlement with the SEC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnvam{\nVERTICAL-ALIGN: MIDDLE\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n\n\n\n\n\n\nHyperdynamics Announces Settlement with the SEC\nPR Newswire\nHOUSTON, Sept. 29, 2015\n\n\n\nHOUSTON, Sept. 29, 2015 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) announced today its consent to the entry of an administrative cease-and-desist order by the U.S. Securities and Exchange Commission (\"SEC\") concerning the books and records and internal control provisions of the U.S. Securities Exchange Act of 1934 (order attached).  As previously disclosed, the SEC had issued a subpoena to Hyperdynamics concerning possible violations of the Foreign Corrupt Practices Act (FCPA).  This settlement fully resolves the SEC's investigation.  As previously disclosed in May 2015, the DOJ closed its investigation into possible FCPA violations by Hyperdynamics without bringing any charges against the Company.\n\nThe allegations in the Order relate to certain issues concerning the company's books and records and internal controls in 2007-2008. Hyperdynamics consented to the SEC Order without admitting or denying the SEC's findings and agreed to pay a $75,000 penalty to the SEC.  \n\nIn reaching this resolution, the Commission considered remedial acts undertaken by the company and cooperation afforded the Commission staff.  The SEC Order recognizes that, beginning in July 2009, Hyperdynamics replaced its senior management team and its entire B...