April 08, 2016
The U.S. Securities and Exchange Commission has inked no-penalty deals with several people found to be involved in broker-dealer Direct Access Partners LLC executives' bribes to a Venezuelan state bank official, most of whom got jail time in the parallel criminal Foreign Corrupt Practices Act case.
June 12, 2013
Federal prosecutors Wednesday arrested a former managing partner at U.S. broker-dealer Direct Access Partners LLC, charging him with Foreign Corrupt Practices Act violations for allegedly paying millions in bribes to a senior official at a state-owned Venezuelan bank in return for the bank's business.
May 15, 2013
Foreign Corrupt Practices Act prosecutors have Wall Street in their crosshairs after suing two traders at New York broker-dealer Direct Access Partners LLC last week, but experts say the hyper-vigilant industry is ready for any clampdown.