Smith & Wesson Holding Corp. will pay $2 million to settle charges brought by the Securities and Exchange Commission, which accused the company of violating the Foreign Corrupt Practices Act in a bribery scheme, the SEC announced Monday.
The SEC alleges that Smith & Wesson employees made improper payments from 2007 to 2010 to attract and secure business with militaries and police departments, thereby violating the FCPA.
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