Defendant Name: Bruker Corporation

Defendant Type: Public Company
SIC Code: 3826
CUSIP: 11679410

Initial Case Details

Legal Case Name In the Matter of Bruker Corporation
First Document Date 15-Dec-2014
Initial Filing Format Administrative Action
File Number 3-16314
Allegation Type Foreign Corrupt Practices Act
AAER 3611

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 15-Dec-2014
Headline Total Penalty and Disgorgement $2,399,969

Related Documents:

34-73835 15-Dec-2014 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On December 15, 2014, the SEC instituted a settled administrative proceeding against Bruker Corporation. According to the SEC: "This matter concerns violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act...by Bruker. These violations took place from at least 2005 through 2011 and occurred throughout Bruker's China operations."
2014-280 15-Dec-2014 Press Release--Administrative Proceeding
SEC Charges Massachusetts-Based Scientific Instruments Manufacturer with FCPA Violations
On December 15, 2014 SEC charged Bruker Corporation with violating the FCPA by "providing non-business related travel and improper payments to various Chinese government officials in an effort to win business." According to the SEC's investigation, Bruker "lacked sufficient internal controls to prevent and detect approximately $230,000 in improper payments out of its China-based offices that falsely recorded them in books and records as legitimate business and marketing expenses."