SEC Fines, Disgorgement Hit $3.9B in 2018
The agency "continues to be extremely successful in its efforts to deter bad conduct and effectively remedy harm to investors."
Petrobras Fined $1.8B for Duping U.S. Investors
U.S. authorities say the Brazilian energy giant padded its financial statements to conceal the payment of kickbacks to company executives by contractors.
Petrobras Settles Investor Class Action for $2.9B
The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
SEC Settles Two Huge FCPA Cases
Petrochemical company Braskem, its parent Obebrecht, and Teva Pharmaceutical Industries will pay a combined $4 billion.
Analyst Questions Petrobras’ Hedge Accounting
If the Brazilian oil company continues to use hedge accounting, its earnings could be "significantly depressed" until 2025, Deutsche Bank analyst says.
Brazil Oil Firm Takes $5B in Charges over Scandal
Petrobras is "cleaning up mistakes" relating to kickbacks, bribes, and inflated construction contracts.