SEC Rankles Financial Firms With FCPA Probe

Law360, New York (January 14, 2011, 7:52 PM EST) -- News that the U.S. Securities and Exchange Commission has launched its first-ever foreign bribery inquiry into the financial sector has some wondering if the deep-pocketed industry could be the one to fight back against what defense attorneys say is an aggressive, overbroad and unchecked use of the law.

"If there's ever an area where we might really see some law on this, it might be here, because [the industry has] defendants who can pay the freight of handling an investigation," said Solomon L. Wisenberg, co-chair of...
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