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In the Matter of GE InVision, Inc. (formerly known as InVision Technologies, Inc.)

Respondent Admin. Proc. File No. 3-11827 (2005)

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In the Matter of GE InVision, Inc. (formerly known as InVision Technologies, Inc.)

United States Securities and Exchange Commission
Respondent Admin. Proc. File No. 3-11827 (2005)

RW

Facts

GE InVision, Inc., formerly InVision Technologies, Inc. (InVision) (defendant), registered its common stock with the United States Securities and Exchange Commission (SEC) (plaintiff). The SEC instituted cease-and-desist proceedings against InVision for violating the Foreign Corrupt Practices Act (FCPA) by (1) making or authorizing payments to bribe foreign officials in order to advance InVision’s business interests abroad, (2) falsifying accounting records to cover up the bribe payments, and (3) failing to institute and maintain internal controls to deter and detect bribery. InVision agreed to settle the proceedings but neither admitted nor denied its guilt.

Rule of Law

Issue

Holding and Reasoning ()

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