SEC Targets Fewer Companies Over Anti-Bribery Law Infractions

Oct. 27, 2020, 3:08 PM

SEC cases alleging corporate violations of a U.S. anti-bribery statute dropped to their lowest level in six years amid the coronavirus pandemic this year.

The Securities and Exchange Commission filed and made public seven enforcement actions against companies under the Foreign Corrupt Practices Act in fiscal 2020, according to a Bloomberg Law review of agency records. The 1977 law bars companies and their representatives from bribing foreign officials to help their businesses.

The tally is about half the 15 cases brought in fiscal 2019. The SEC last filed seven or fewer enforcement actions against companies in fiscal 2014, when it ...

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