The Latest FCPA Target: Private Fund Advisers

Law360, New York (May 11, 2012, 1:43 PM EDT) -- On April 25, 2012, the U.S. Securities and Exchange Commission charged a former managing director in Morgan Stanley's Chinese real estate investment and fund advisory group with violations of the Foreign Corrupt Practices Act, under Sections 30A(g) and 13(b)(5) of the Securities Exchange Act of 1934.

He is also charged with aiding and abetting Morgan Stanley wholly owned investment advisers in violation of the anti-fraud provisions of the Investment Advisers Act of 1940, namely Sections 206(1) and 206(2). On the same day, the executive pleaded guilty to the DOJ's one-count criminal information charging him with conspiring to evade internal accounting controls...

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