How Financial Services Firms Should Respond to Recent FINRA Focus on FCPA Compliance

May 20, 2009
Prosecutors and regulators in the United States and abroad have significantly increased their scrutiny of financial services firms in order to ensure compliance with the Foreign Corrupt Practices Act and similar laws. For the first time, the Financial Industry Regulatory Authority included FCPA issues among its examination priorities when it released a recent letter to broker-dealers and other financial firms subject to its examination authority. This update describes the most recent pronouncements on the subject and explains how financial services firms should consider responding to the new level of scrutiny.