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May 12, 2013

FCPA Broker-Dealer Case Highlights Compliance Risks for Financial Institutions

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Last week saw a significant Foreign Corrupt Practices Act (FCPA) enforcement action against employees of a US broker-dealer, who are alleged to have bribed a Venezuelan government official to direct brokerage to the firm. The case is one of only a handful of financial services industry FCPA enforcements and is a reminder of the government’s interest in extending the law’s reach to all economic sectors. This client publication summarizes recent events and provides suggestions on how the banking and finance sector can manage its FCPA risks.

View full memo, "FCPA Broker-Dealer Case Highlights Compliance Risks for Financial Institutions"

Authors and Contributors

Philip Urofsky

Partner

Litigation

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+1 202 508 8060

Washington DC

Nathan Greene

Partner

Investment Funds

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+1 212 848 4668

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

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+1 212 848 7585

New York

Paula Howell Anderson

Partner

Litigation

+1 212 848 7727

+1 212 848 7727

New York

Stephen Fishbein

Partner

Litigation

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+1 212 848 4424

New York

Danforth Newcomb

Of Counsel

Litigation

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+1 212 848 4184

New York

Patrick D. Robbins

Partner

Litigation

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+1 415 616 1210

San Francisco

Jo Rickard

Of Counsel

Litigation

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+44 20 7655 5781

London

Brian G. Burke

Partner

Litigation

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+1 212 848 7140

+86 21 6136 5000

+86 21 6136 5000

New York