Charles Cain, the head of the commission’s FCPA unit, said that while oil and gas and pharmaceutical industries, among others, “are always going to be repeat players because of the nature of their businesses … you are seeing some additional industries come to the front as far as getting enforcement action.”
“A couple years back, everyone was surprised when financial services hit the radar. We still see those types of cases, there are still risks in that industry, and there are other industries that perhaps haven’t gotten as close of a look in the past as they will in the future,” Cain said Thursday during an appearance at the Securities and Enforcement Forum in Washington.
The remark piqued the interest of white-collar defense lawyers, such as Sidley Austin partner Fiona Philip. When Philip asked for elaboration, however, Cain demurred.
“I don’t want to spoil the surprise,” he said.
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