Juniper Networks, a networking and cyber-security solutions provider, has reached an $11.7 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act concerning its sales practices in Russia and China.
The settlement includes $4 million disgorgement; a $6.5 million civil penalty to the SEC; and pre-judgement interest of $1.2 million. In February 2018, Juniper had disclosed in a securities filing that the Department of Justice had closed its FCPA investigation into the company and would not be bringing an enforcement action, but it is unclear when the investigation began.
