FCPA Action Against PTC Is Another Brick in the Wall

By Matt Kelly | February 17, 2016 |

Yesterday the Securities and Exchange Commission set another precedent in regulatory enforcement: for the first time ever, it reached a deferred-prosecution deal with an executive (rather than a company) over foreign bribery charges. This is not exactly welcome news for corporate compliance officers. The executive is Yu Kai Yuan, a Chinese national who worked in…

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