SEC Chair Jay Clayton criticized lax enforcement of anti-corruption laws by “many” countries in a speech delivered Monday to the Economic Club of New York.
Noting that in the past five years the SEC has brought almost 80 Foreign Corrupt Practices Act (FCPA) cases involving alleged wrongdoing in more than 60 nations, Clayton said the United States is “acting largely alone” in this arena. Yet other countries “are incentivized to play, and I believe some are in fact playing, strategies that take advantage of our laudable efforts,” Clayton said.
