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SEC asks Quanta Services to preserve FCPA-related documents

The Securities and Exchange Commission asked Quanta Services Inc. to preserve documents tied to its Foreign Corrupt Practices Act compliance program, the company said in a securities filing Thursday.

Houston-based Quanta Services provides engineering, procurement and construction services for infrastructure.

It said the SEC is looking into its operations in foreign countries, including South Africa and the United Arab Emirates.

In its Form 10-Q filed with the SEC on May 8, 2014, it said:

On March 10, 2014, the SEC notified Quanta of an inquiry into certain aspects of Quanta’s activities in certain foreign jurisdictions, including South Africa and the United Arab Emirates. The SEC also requested that Quanta take necessary steps to preserve and retain categories of relevant documents, including those pertaining to Quanta’s U.S. Foreign Corrupt Practices Act compliance program. The SEC has not alleged any violations of law by Quanta or its employees. Quanta has complied with the preservation request and is cooperating with the SEC.

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Julie DiMauro is the executive editor of FCPA Blog and can be reached here.

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