The FCPA Blog | By: Richard L. Cassin | November 06, 2017:
The SEC has a new chief to enforce the FCPA. His name is Charles Cain. And what’s important to him is leveling the playing field.
In an SEC statement Thursday announcing his promotion, Cain himself said:
“I look forward to building upon the important work the unit has done to combat corruption and level the playing field globally.”
In the FCPA world, leveling the playing field has a couple of meanings.
It can mean prosecuting any companies that pay bribes, so that compliant companies can compete fairly for business.
But to American companies, leveling the playing field also has a narrower meaning – prosecuting foreign companies that pay bribes so Americans can compete for business overseas.
Which of those two meanings did Cain have in mind Thursday when he talked about leveling the playing field globally?
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