Defendant Name: Key Energy Services, Inc.

Defendant Type: Public Company

Document Reference: 34-78558-s

Document Details

Legal Case Name In the Matter of Key Energy Services, Inc.
Document Name SEC Charges Key Energy Services, Inc. with FCPA Violations
Document Date 11-Aug-2016
Document Format Administrative Proceeding
File Number 3-17379
Allegation Type Foreign Corrupt Practices Act
Document Summary On August 11, 2016, the SEC announced a settled administrative proceeding with Key Energy. According to the SEC, the firm "violated the internal controls and books-and-records provisions of the Foreign Corrupt Practices Act". The violations arose from payments its Mexican subsidiary made to a contract employee at Mexico's state-owned oil company.

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

34-78558 11-Aug-2016 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 August 11, 2016, the SEC instituted a settled administrative proceeding against Key Energy. According to the SEC, Key Energey improperly recorded money transfers to a consulting firm, failed to implement and maintain sufficient internal controls relating to interactions with Mexican Government officials, and failed to respond to risks relating to improper use of consultants.