Rockwell Automation Settles with SEC by Forfeiting $1.8M Profit and Paying $400,000 Penalty (ROK)

Rockwell Automation ROK said today that it has settled a previously disclosed civil matter with the Securities and Exchange Commission involving civil violations of the books and records and internal controls provisions of the U.S. Foreign Corrupt Practices Act that took place in 2006 and earlier by one of its former Power Systems subsidiaries in China. Under the terms of the settlement, Rockwell Automation will forfeit $1.8 million in profit, plus interest and a $400,000 penalty.