Tagged: SEC internal controls

The Danger of Internal Controls Enforcement: The Andeavor SEC Settlement

The internal controls provision in the FCPA statute has broad application to a variety of situations beyond foreign bribery.  The Securities and Exchange Commission knows full well the power of the internal controls provision and has readily applied it in a variety of circumstances. One recent example is the SEC’s settlement with Andeavor LLC for failure to publicly disclose the status of its negotiations to...