SEC annual report touts FCPA enforcement 
Thursday, December 19, 2013 at 7:28AM
Julie DiMauro in Agency Financial Report, Allianz SE, Eli Lilly, Mary Jo White, Ralph Lauren Corporation, Securities and Exchange Commission, Siemens Aktiengesellschaft, Total S.A., Uriel Sharef

The U.S. Securities and Exchange Commission (SEC) published its 2013 Agency Financial Report this week to detail its results for the President, Congress and public.

By the end of the 2013 fiscal year, the SEC had obtained total penalties and disgorgements of $3.4 billion, an increase from the $3.1 billion awarded the year before, it said in the report.

FCPA enforcement is important so that investors will "have faith that the economic performance of the public companies reflects the lawful considerations of markets, price and product, rather than a mirage from bribery and corruption," the SEC said.

The agency released its 120-page joint FCPA guidance with the Department of Justice this year to help companies of all sizes understand issues related to the law.

The SEC also pursued enforcement actions and sited the following cases:

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Julie DiMauro is the executive editor of FCPA Blog and can be reached here.

Article originally appeared on The FCPA Blog (http://www.fcpablog.com/).
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