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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: SEC

Citigroup fires 12 in Mexico loan fraud

Citigroup said Wednesday it has fired a dozen employees in Mexico, including four senior executives, in connection with a $400 million fraud involving its Banamex unit.

An internal memo to employees from the bank’s chief executive, Michael Corbat, disclosed the terminations.… Continue Reading

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.… Continue Reading

SEC probes Key Energy Russia ops

Key Energy Services, Inc. disclosed in a securities filing Tuesday that the SEC is investigating potential FCPA violations by the company in Russia.

In its May 6, 2014 Form 10-Q, Key said:

The U.S.Continue Reading

Walmart’s half-billion-dollar FCPA spend

Walmart Inc. said it has spent $439 million in legal fees and other costs associated with investigations of alleged FCPA violations and revamping its global compliance protocol.

The retailer’s fiscal 2014 Global Compliance Program Report was released in April in the wake of allegations of bribery and corruption associated with expansion efforts in Mexico, India, Brazil and China.… Continue Reading

First conflict minerals report is filed with the SEC

The first conflict minerals report was submitted to the Securities and Exchange Commission Thursday by Taiwan-based Siliconware Precision Industries Co., Ltd.

The deadline for filing Form SD with the SEC is May 31, when companies must make their conflict-minerals disclosures required by the Dodd-Frank Act.Continue Reading

First SEC whistleblower scores second payout

The Securities and Exchange Commission said the whistleblower who received the first award under its Dodd-Frank program more than two years ago will collect $150,000 more, thanks to the agency recovering more funds in the case.… Continue Reading

Orthofix reports Brazil payments to DOJ, SEC

Orthofix International said in an amendment to a securities filing that it has reported allegations of improper payments involving its Brazil-based subsidiary to the Justice Department and the Securities and Exchange Commission.… Continue Reading

DOJ declination for SL Industries

The Department of Justice has dropped its Foreign Corrupt Practices Act probe of SL Industries Inc. without filing charges, the New Jersey-based power technology company said in its annual report Wednesday. 

SL Industries first disclosed an internal investigation in May 2012.Continue Reading

Cisco probes Russia bribe allegations

Cisco Systems Inc. is investigating whether some of its activities in Russia, Eastern Europe and Central Asia may have violated the Foreign Corrupt Practices Act.

The networking equipment manufacturer announced the internal probe in a public filing in late February.… Continue Reading