Lessons From US Fund Advisers On Foreign Ground

Law360, New York (June 21, 2012, 12:11 PM EDT) -- In recent enforcement actions, fund advisers have run afoul of U.S. regulatory authorities. In a case involving the U.S. Foreign Corrupt Practices Act, an individual, but not the company, was charged. On the other hand, in a proceeding before the Office of Foreign Assets Control, a U.S. company was penalized for the action of its non-U.S. agent. Both cases offer lessons for compliance personnel.

FCPA: Lessons from Morgan Stanley’s “Rogue” Employee

Former Morgan Stanley employee Gareth Peterson reached a settlement with the U.S. Securities and Exchange...
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