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Commentary by Steven Lofchie

SEC Chair Gary Gensler asserted that the agency "takes its cybersecurity obligations seriously" and that Commission staff recognize that the recent hack of the SEC's "X" account by an unauthorized party raises "concerns about the security of the SEC's social media accounts."

A U.S.-based global chemicals company settled SEC charges for bribery and recordkeeping and internal accounting controls failures in violation of the Foreign Corrupt Practices Act.

A manufacturer settled charges for Foreign Corrupt Practices Act violations after a Chinese subsidiary improperly recorded expenses for providing Chinese government officials with overseas travel and entertainment as legitimate business expenses.