Stock Groups

Advertising group WPP to pay $19 million to settle anti-bribery charges, says U.S. SEC By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: WPP branding signage in London at the offices of WPP (the largest international advertising and public relations company), July 17, 2019. REUTERS/Toby Melville/File Photo

(Reuters) – The U.S. Securities and Exchange Commission said on Friday that WPP Plc (LON:), the world’s largest advertising firm, has agreed to pay more than $19 million to resolve charges, without admitting or denying the regulator’s findings.

The SEC stated that WPP had agreed to stop and desist in violating the Foreign Corrupt Practices Act’s anti-bribery and books and records and internal accounting control provisions. WPP will be paying $10.1million in disgorgement and $1.1 million prejudgment interests, as well as an $8 million penalty.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. However, market makers provide the prices. This means that prices might not reflect actual market prices and prices could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]