| From Lexology.com: The US Securities and Exchange Commission has reportedly initiated an inquiry into possible Foreign Corrupt Practices Act violations in the US banking and private-equity industries. In recent weeks, the SEC has reportedly sent letters of inquiry to at least ten different financial firms focusing on the recipients’ involvement with sovereign-wealth funds.
According to press reports, the letters do not contain allegations of bribery or misconduct, but ask about recipients’ connections to sovereign-wealth funds and request that the firms retain documents related to their dealings with such funds..............................................Full Article: Source
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