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Browse: Home / 2011 / September / 21 / Causal link for SEC to go after Canadian companies is “minute”

Causal link for SEC to go after Canadian companies is “minute”

By Securities Docket on September 21, 2011, 12:09 pm

For Canadian companies, the causal link that needs to be established in order for the U.S.’s Securities Exchange Commission to enforce the [FCPA] is “minute,” Cassidy continued. “From a Canadian perspective, we need to keep our eyes on this,” he said. “There doesn’t need to be a close proximity geographically: a Canadian owned and operated company that doesn’t even have its feet in the U.S. is at risk. “If funds flow through a U.S. bank, or if your servers are hosted in the U.S., the SEC can exert its enforcement.”

Read more: Causal link for SEC to go after Canadian companies is “minute” — Canadian Underwriter

Posted in Global, Top | Tagged Canada, FCPA

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