September 13, 2016
Pharol SGPS, S.A. (f/k/a/ Portugal Telecom, SGPS, S.A.)
SANCTION AMOUNT: $1,250,000
Defendants: Pharol SGPS, S.A. (f/k/a/ Portugal Telecom, SGPS, S.A.)
Settlement of allegations that Respondent, a Portuguese-based telecommunications company, failed to properly disclose the nature and extent of credit risk involved in its investments in debt instruments issued by companies of Portuguese conglomerate Grupo Espirito Santo.
- Key Docs
- Official SEC press release