U.S. SEC Says It Charges 3M With Foreign Corrupt Practices Act Violations Relating To China Subsidiary
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) has charged 3M (MMM) with violations of the Foreign Corrupt Practices Act related to its China subsidiary.
August 25, 2023 | 1:17 pm
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NEGATIVE IMPACT
3M has been charged by the SEC for violations of the Foreign Corrupt Practices Act related to its China subsidiary. This could potentially lead to legal penalties and reputational damage.
The SEC's charges against 3M are a significant legal issue for the company. If found guilty, 3M could face substantial fines and penalties. Additionally, the charges could harm 3M's reputation, potentially impacting its business relationships and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100