Defendant Name: Smith & Wesson Holding Corporation

Defendant Type: Public Company

Document Reference: 2014-148

Document Details

Legal Case Name In the Matter of Smith & Wesson Holding Corporation
Document Name SEC Charges Smith & Wesson With FCPA Violations
Document Date 28-Jul-2014
Document Format Administrative Proceeding
File Number 3-15986
Allegation Type Foreign Corrupt Practices Act
Document Summary Summaries On July 28, 2014, the SEC announced that it charged Smith & Wesson Holding Corporation ("Smith & Wesson") with violating the Foreign Corrupt Practices Act ("FCPA") when employees and representatives of the U.S.-based parent company authorized and made improper payments to foreign officials while trying to win contracts to supply firearm products to military and law enforcement overseas. According to the SEC's order instituting a settled administrative proceeding, Smith & Wesson, without admitting or denying the findings, agreed to pay $2 million to settle the SEC's charges and report to the SEC on its FCPA compliance efforts for a period of two years.

Disgorgement & Penalty Information

Resolutions
The company must report to the SEC on its FCPA compliance efforts for a period of two years.
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

34-72678 28-Jul-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 July 28, 2014, the SEC instituted proceedings against Smith & Wesson Holding Corporation alleging "violations of the anti-bribery, books and records and internal controls provisions of the Foreign Corrupt Practices Act."