Defendant Name: Walmart Inc. 

Defendant Type: Public Company
SIC Code: 5331
CUSIP: 93114210

Document Reference: 34-86159

Document Details

Legal Case Name In the Matter of Walmart Inc.
Document Name Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities and Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date 20-Jun-2019
Document Format Administrative Proceeding
File Number 3-19207
AAER 4054
Allegation Type Foreign Corrupt Practices Act
Document Summary The SEC stated: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by Walmart, a global retailer."

Disgorgement & Penalty Information

Cease and Desist Order
Other Compliance Related Undertaking
"Respondent acknowledges that the Commission is not imposing a civil penalty based upon Walmart’s payment of a $137,955,249 monetary fine as part of Walmart’s resolution with the United States Department of Justice."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:


Individual:     $119,647,735.00 Shared:    

Pre-Judgment Interest

Individual:     $25,043,437.00 Shared:    

Total Penalty

Individual:     $144,691,172.00 Shared:    

Related Documents:

2019-102 20-Jun-2019 Press Release--Administrative Proceeding
Walmart Charged With FCPA Violations
The Commission stated: "The Securities and Exchange Commission today charged Walmart with violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient anti-corruption compliance program for more than a decade as the retailed experienced rapid international growth."