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Investigations Dataset

 

Investigation Name:    Investigation into Westport Fuel Systems' Activities in China

Trend:    None

Type of investigation:    SEC

Other Agencies Investigating/Assisting with SEC Investigation:    Unknown

Whistleblower:    Unknown

Summary

Westport Fuel Systems, Inc. (Westport) was a Canadian corporation headquartered in Vancouver that designed and manufactured clean fuel systems. Westport’s common stock was registered with the SEC, and it also listed its securities on the Toronto Stock Exchange.

In a 6-K filed on August 14, 2017, Westport disclosed that it had received a subpoena from the SEC concerning its Weichai Westport Inc. joint venture and compliance with the FCPA and U.S. securities laws.

The SEC followed up that first subpoena with three more subpoenas issued on February 14, 2018, June 25, 2018, and August 2, 2018.

Westport has said it has cooperated with the SEC investigation.

On September 27, 2019, the SEC initiated an enforcement action against Westport and its former CEO, Nancy Gougarty.

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