SEC Questions Ford's Business In Iran, Sudan, Syria

Law360, New York (November 27, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission revealed in letters released Friday that it had asked Ford Motor Co. for information about its business connections in Syria and Sudan, countries which are currently under economic sanctions for allegedly supporting terrorists.

The correspondence dates back to July, and shows the SEC asked Ford to evaluate whether or not its “reputation and share value” were at risk because of its connection to the two countries.

The SEC said that Ford’s Web site and news accounts pointed to the auto...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.