The Securities and Exchange Commission is redoubling its efforts against foreign bribery and corruption, Chairman Elisse Walter said at a training conference Monday. Walter spoke to representatives of over 50 law enforcement and financial regulatory agencies from both developed and developing nations across the globe. The meeting followed a court ruling Friday by Manhattan federal judge Richard Sullivan letting the SEC pursue bribery charges under the Foreign Corrupt Practices Act against three former executives of Magyar Telekom, a Hungarian unit of Deutsche Telekom. If the two companies made false filings, as the SEC complaint alleged, for their American depositary receipts that were listed on U.S. exchanges, the SEC would have jurisdiction over transactions involving Macedonian officials, Sullivan said. Fighting corruption and cronyism is the right thing to do and the course that benefits non-U.S. countries' citizens, and it also helps U.S. firms that do business abroad,
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