The SEC filed fourteen settled actions against municipal underwriting firms this week. The settlements were part of a program that commenced in 2014 called the Municipalities Continuing Disclosure Cooperation Initiative. The program offers favorable settlement terms for municipal bond underwriters …
Year: 2016
Cooperation Yields No Penalty in SEC FCPA Settlement
The SEC filed another settled FCPA proceeding in which cooperation substantially mitigated the sanctions. Specifically, a monetary penalty was not imposed on the firm in view of its cooperation, although the company did not self-report. In the Matter of SAP …
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