Defendant Name:
TechnipFMC plc.
Defendant Type:
Public Company
SIC Code:
1389
CUSIP:
G8711010
Document Reference:
34-87055
Document Details
Legal Case Name
In the Matter of TechnipFMC plc.
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
23-Sep-2019
Document Format
Administrative Proceeding
AAER
4087
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 23, 2019, the SEC instituted settled cease and desist proceedings against TechnipFMC plc ("TechnipFMC"). The SEC stated: "These proceedings arise from violations of the Foreign Corrupt Practices Act of 1977 (the "FCPA") . . . by Respondent's predecessor FMC Technologies, an oil field services company headquartered in Houston, TX."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$4,327,194.00
Shared:
Pre-Judgment Interest
Individual:
$734,712.00
Shared:
Total Penalty
Individual:
$5,061,906.00
Shared:
