SEC Corruption Probe Prompts Scrutiny Of Deals

Law360, New York (February 17, 2011, 5:48 PM EST) -- In the wake of a U.S. inquiry into foreign bribery in the financial services industry, banks and private equity funds are putting the brakes on business deals in some of the globe's hottest markets as they make sure their transactions weren't brokered by corrupt sales agents overseas.

The anxiety began after news broke in mid-January that the U.S. Securities and Exchange Commission was looking into whether parts of Wall Street were entangled in foreign bribery when trying to solicit investments from government-controlled sovereign wealth funds in other countries....
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