Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

Polycom reaches $16 million FCPA settlement for China bribes

American communication technology provider Polycom Inc. settled FCPA books and records and internal accounting controls provisions charges with the SEC Wednesday for using resellers and distributors in China to bribe government officials. 

Polycom agreed to disgorge to the SEC about $10.7 million and pay prejudgment interest of $1.8 million, along with a penalty of $3.8 mllion.Continue Reading

Overseas whistleblower awarded $4 million

The Securities and Exchange Commission awarded an overseas whistleblower $4 million for “extensive assistance” resulting in a successful action, the agency said Monday. 

Chief of the SEC’s Office of the Whistleblower Jane Norberg said, “Whistleblowers, whether they are located in the United States or abroad, provide a valuable service to investors and help us stop wrongdoing.”

“This award recognizes the continued, important assistance provided by the whistleblower throughout the course of the investigation,” Norberg said. 

In Monday’s order (pdf), the SEC said the outcome of the action was a direct result of the whistleblower’s tip. 

The SEC didn’t specify the citizenship of the whistleblower. 

Last year, a foreign national working outside the United States was awarded $4.1 million for providing information on “a widespread, multi-year securities law violation.”

In 2014, the SEC awarded an overseas whistleblower $30 million.… Continue Reading

How are FCPA investigations disclosed?

FCPA investigations are usually disclosed either through SEC filings, agency releases, or company statements. 

While SEC filings are the most common, 27 investigations have been disclosed by agency releases and 32 by company statements.… Continue Reading