SEC Imposes $2 Million Penalty on Smith & Wesson for FCPA Violations

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Monday, December 1, 2014
Author: 
Bruce Zagaris
Volume: 
30
Issue: 
12
Abstract: 
On July 28, 2014, the Securities and Exchange Commission charged Smith & Wesson Holding Corporation with violating the Foreign Corrupt Practices Act (FCPA) as a result of employees and representatives of its U.S.-based parent company authorizing and making improper payments to foreign officials while trying to obtain contracts to furnish firearm products to military and law enforcement abroad.