Wall Street To FCPA Enforcers: Bring It On

Law360, New York (May 15, 2013, 8:00 PM EDT) -- Foreign Corrupt Practices Act prosecutors have Wall Street in their crosshairs after suing two traders at New York broker-dealer Direct Access Partners LLC last week, but experts say the hyper-vigilant industry is ready for any clampdown.

The U.S. Department of Justice filed criminal charges May 7 against DAP employees Tomas Alberto Clarke Bethancourt and Jose Alejandro Hurtado, alleging they conspired to bribe a senior official in Venezuela’s state economic development bank to direct the bank’s business to DAP. Bethancourt, Hurtado and the official, Maria de los Angeles...
To view the full article, register now.