SEC's Foreign Corrupt Practices Spotlight Shines On PE
Law360, New York (January 9, 2015, 2:07 PM EST) -- Private equity firms can add foreign corruption to their laundry list of concerns as U.S. watchdogs systematically scrutinize about 1,500 newly regulated investment firms, paying particular attention to how they secure sovereign wealth investments, experts say.
The U.S. Securities and Exchange Commission has made private equity firms a focus for Foreign Corrupt Practices Act violations as they up their enforcement of both the private equity industry and the FCPA, experts say, with a number of private equity shops receiving requests for additional information.
The enforcement efforts in the private equity industry are a "shot across the bow," said Charles Whitehead, a...
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