On March 18, 2010, the SEC filed a complaint against Innospec, Inc. alleging violations of the Foreign Corrupt Practices Act.

On March 18, the SEC issued a litigation release announcing that it filed a settled Foreign Corrupt Practices Act enforcement action against Innospec, Inc.

On March 18, 2010, the SEC announced that it charged Innospec, Inc. ("Innospec"), a specialty chemical company incorporated in Delaware with principal offices in the U.S. and United Kingdom, with violating the Foreign Corrupt Practices Act ("FCPA") by engaging in widespread bribery of foreign government officials in Iraq and Indonesia to obtain and retain business. According to the SEC's complaint filed in U.S. District Court for the District of Columbia, Innospec routinely paid millions of dollars in bribes to sustain its sales of tetraethyl lead to state-owned refineries and oil companies in Iraq and Indonesia. Innospec also paid kickbacks to Iraqi officials in order to obtain contracts under the United Nations Oil for Food Program. In addition, the SEC's complaint alleges that Innospec's internal controls failed to detect the illicit conduct, which took place from 2000 to 2007. To settle the SEC's charges, Innospec, without admitting or denying the allegations in the SEC's complaint, consented to the entry of a court order permanently enjoining the company from future violations of the federal securities laws. The company has also agreed to comply with certain undertakings regarding its FCPA compliance program, including an independent monitor for a period of three years. Finally, Innospec agreed to a $40.2 million global settlement with the SEC, the U.S. Department of Justice ("DOJ"), the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC"), and the United Kingdom's Serious Fraud Office ("SFO"). Under the terms of the global settlement, Innospec consented to pay $11.2 million in disgorgement to the SEC, a criminal fine of $14.1 million to the DOJ, $2.2 million to OFAC, and a criminal fine of $12.7 million to the U.K.'s SFO.

On March 24, 2010, Federal District Judge Rosemary M. Collyer entered final judgment against Innospec, Inc. pursuant to the consent of Innospec, Inc. Although the Court ordered that Innospec, Inc. is liable for disgorgement of $60,071,613, the Final Judgment Order stated that: "Based on Defendant's sworn representations in his Statement of Financial Condition dated February 4, 2010 and other documents and information submitted to the Commission, however, the Court is not ordered the Defendant to pay a civil penalty or prejudgment interest and payment of all but $11,200,000 of the disgorgement is waived."