In a July 29 article published by Law360, Ropes & Gray business & securities litigation partner R. Daniel O’Connor (Boston) discusses an SEC settlement with arms manufacturer Smith & Wesson Holding Corp., which paid $2 million on Monday to settle bribery charges stemming from a Foreign Corrupt Practices Act (FCPA) investigation. The article explains how the SEC is “making good” on its effort to enforce the FCPA with even the smallest companies. O’Connor explains that, “many companies might think they're already doing enough by inserting a ‘paragraph or two’ about bribery in their generalized code of conduct, but the SEC has indicated it wants more.”
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