A global manufacturer of steel pipe products agreed to pay more than $78 million to the Securities and Exchange Commission (SEC) to settle charges it violated the Foreign Corrupt Practices Act (FCPA) by paying more than $10 million in bribes to a Brazilian government official.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...