SEC Names Brockmeyer Head of Anti-Bribery Enforcement Unit
The U.S. Securities and Exchange Commission named Kara Brockmeyer, an 11-year veteran of the agency, to lead a unit responsible for enforcing anti-bribery laws.
Brockmeyer, 44, spearheaded probes of Halliburton Co. (HAL), KBR Inc. (KBR) and Technip SA (TEC) as part of a decades-long bribery scheme in Nigeria that resulted in a $1.2 billion settlement of civil and criminal claims, the SEC said today in a statement.
Her unit, which looks for violations of the Foreign Corrupt Practices Act, was set up in 2010 as part of an overhaul of the enforcement division. She will replace Cheryl Scarboro, who left the SEC in June to join law firm Simpson Thacher & Bartlett LLP.
Brockmeyer, who joined the agency in 2000, has served as co-head of a group focused on U.S. companies that have a substantial amount of their operations overseas. The group has sanctioned several firms this year for failing to report problems related to their accounting, including the resignation of independent auditors.
“Kara’s creativity and perseverance is reflected in her outstanding efforts and results over the years in fulfilling the commission’s mission of investor protection,” Enforcement Director Robert Khuzami said in the agency’s statement.
Brockmeyer has also supervised investigations involving financial fraud, insider trading and market manipulation, the SEC said. She graduated from Williams College in 1989 and the University of Michigan Law School in 1992.
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