Telecom Executives Agree to Pay Penalties for Foreign Corrupt Practices Act Violation

May 4, 2017

Sometimes foreign executives forget that U.S. law can reach them and their companies, particularly if they issue securities in the United States. The case of three former executives at Magyar Telekom, a telecommunications provider from Hungary, whom the Securities and Exchange Commission (SEC) charged with having violated the Foreign Corrupt Practices Act (FCPA) is just…

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For Whistle-Blowers, Expanded Incentives

November 15, 2010

WASHINGTON — When insider-trading scandals plagued the financial markets in the late 1980s, lawmakers created a bounty program for whistle-blowers, allowing regulators to reward tipsters who uncovered evidence of manipulation. The effort largely failed, in part because the issue of whether to make a reward payment was left to the discretion of regulators. In 20…

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German BaFin may file action against Goldman

April 20, 2010

The German government said April 17, 2010 that it is considering taking legal action against Goldman, Sachs & Co. for defrauding investors. The German newspaper Die Welt reports: Die IKB konnte im Sommer 2007 nur mit staatlicher Milliardenhilfe gerettet werden. Berlin erwägt nun ebenfalls rechtliche Schritte gegen Goldman Sachs: „Die Finanzaufsicht Bafin wird ein Auskunftsersuchen…

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