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FCPA: Recent Enforcement Activity Sounds Warning for Financial Services Industry

When Cheryl J. Scarboro, Chief of the SEC's Foreign Corrupt Practices Act (FCPA) enforcement unit, remarked in November 2010 that her unit "will continue to focus on industry-wide sweeps and [that] no industry is immune from [FCPA] investigation," the financial services industry would have been wise to take notice.

18 minute read May 24, 2011 at 04:24 PM
By
David S. Krakoff, James T. Parkinson and Bradley A. Marcus
FCPA: Recent Enforcement Activity Sounds Warning for Financial Services Industry

When Cheryl J. Scarboro, Chief of the U.S. Securities and Exchange Commission's (SEC) Foreign Corrupt Practices Act (FCPA) enforcement unit, remarked in November 2010 that her unit “will continue to focus on industry-wide sweeps and [that] no industry is immune from [FCPA] investigation,” the financial services industry would have been wise to take notice.

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