SEC Opens FIFA-Related Investigations

FIFA FCPA

Although not yet confirmed by the SEC, media reports suggest that the SEC has opened several investigations of publicly traded companies who contracted with FIFA. Indictments in the FIFA cases have alleged that certain companies paid kickbacks to officials of FIFA and related organizations in order to win marketing and apparel contracts.  The specific companies targeted in the SEC’s new probe have not yet been named.  Without the apparent involvement of a foreign official in the FIFA cases, presumably the SEC will be focusing on the books and records and internal controls provisions of the FCPA, along with other potential violations. Previous FCPA Scorecard coverage of this investigation can be found here.