Defendant Name: United Technologies Corporation

Defendant Type: Public Company
SIC Code: 3724
CUSIP: 91301710

Document Reference: 34-84087

Document Details

Legal Case Name In the Matter of United Technologies Corporation
Document Name 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
Document Date 12-Sep-2018
Document Format Administrative Proceeding
File Number 3-18745
Allegation Type Foreign Corrupt Practices Act
Document Summary The SEC stated: "These proceedings arise from violations of the Foreign Corrupt Practices Act of 1977 (the "FCPA") [15 U.S.C. 78dd] by Respondent United Technologies Corporation ("UTC"), a building systems and aerospace company with operations around the world."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:

Disgorgement

Individual:     $9,067,142.00 Shared:    

Civil Penalty

Individual:     $4,000,000.00 Shared:    

Pre-Judgment Interest

Individual:     $919,392.00 Shared:    

Related Documents:

2018-188 12-Sep-2018 Press Release--Administrative Proceeding
United Technologies Charged With Violating FCPA
On September 12, 2018, the SEC issued a press release, stating: "Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator and aircraft engine businesses."