On February 16, 2016, the SEC announced that "a Massachusetts-based technology company and its Chinese subsidiaries agreed to pay more than $28 million to settle parallel civil and criminal actions involving violations of the Foreign Corrupt Practices Act (FCPA)." The SEC noted that PTC's "two China subsidiaries agreed to pay a $14.54 million fine in a non-prosecution agreement announced today by the U.S. Department of Justice."

On February 16, 2016, the SEC instituted settled cease-and-desist proceedings against PTC Inc. According to the SEC: "This matter concerns violations of the anti-bribery, books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ('FCPA') by PTC. From at least 2006 into 2011, two wholly-owned PTC subsidiaries (collectively, 'PTC-China') provided improper payments totaling nearly $1.5 million to government officials ('Chinese government officials' or 'officials') who were employed by Chinese state owned entities ('SOEs') that were PTC customers. These payments were made to obtain or retain business from the SOEs. Specifically, PTC-China provided non-business travel, primarily sightseeing and tourist activities, as well as improper gifts and entertainment, to the Chinese government officials. PTC earned approximately $11.85 million in profits from sales contracts with SOEs whose officials received the improper payments." The SEC did not impose a civil penalty on PTC "based upon its payment of a $14,540,000 criminal fine as part of Respondent's subsidiaries' settlement with the United States Department of Justice."