Oil field services company Baker Hughes disclosed in a regulatory filing Feb. 25 that it’s being investigated by the Securities and Exchange Commission (SEC) related to “books and records and internal controls regarding sales of its products and services in projects impacted by U.S. sanctions.”

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...