Yesterday the SEC announced a non-prosecution agreement (NPA) with Ralph Lauren Corporation related to alleged bribes a subsidiary of the company paid to government officials in Argentina from 2005 to 2009. The agency noted in a press release that the NPA with Ralph Lauren Corp. was the first that the SEC had entered involving Foreign Corrupt Practices Act misconduct. In May 2011, the SEC resolved an FCPA investigation into Tenaris, a manufacturer of steel pipe products, via its first-ever deferred prosecution agreement (DPA).
