Articles Tagged: Rockwell Automation

Rockwell Automation Settles With SEC

posted on: Wednesday, July 27, 2011 by Jonathan
Rockwell Automation (NYSE: ROK) said today that it has settled a previously disclosed civil matter with the Securities and Exchange Commission (SEC) involving civil violations of the books and records and internal controls provisions of the U.S. Foreign Corrupt Practices Act that took place in 2006 and earlier by one of its former Power Systems subsidiaries in China.

Under the terms of the settlement, Rockwell Automation will forfeit $1.8 million in profit, plus interest and a $400,000 penalty.

Rockwell Automation said it discovered the potential violations through its normal financial review process. It voluntarily self-reported to the SEC, publicly disclosed this matter in its Form 10-K in November 2006, and fully cooperated with SEC staff during the course of the government's investigation. ​

Source: Rockwell

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