The top Republican at the U.S. Securities and Exchange Commission, known for his critical views on corporate penalties, expressed some support on Friday for imposing them in cases in which companies violate foreign bribery laws.
“I am generally comfortable with assessing civil monetary penalties in Foreign Corrupt Practices Act cases,” Acting SEC Chairman Michael Piwowar said in remarks at the Practising Law Institute’s “SEC Speaks” conference.
via Acting SEC chair signals support for penalties in foreign bribery cases | Reuters
