SEC Probes Banks, Buyout Shops Over Dealings with Sovereign Funds
According to a report in the Wall Street Journal, the SEC is investigating whether banks and private equity firms are violating the FCPA in their dealings with sovereign wealth funds. The report indicates that no specific allegations have been alleged, but that firms have been requested to retain documents and asked about their dealings with sovereign wealth funds.
Publication
Wall Street Journal
Date
January 14, 2011