Law360, New York ( February 27, 2013, 2:55 PM EST) -- Two recent district court decisions have shed light on the reach and scope of the U.S. Foreign Corrupt Practices Act over foreign nationals: U.S. Securities and Exchange Commission v. Straub and SEC v. Sharef. For companies and individuals operating abroad, these cases provide rare judicial guidance on the reach of the FCPA's anti-bribery and record-keeping provisions. Together, they reaffirm U.S. regulators' long-standing position that the FCPA has broad applicability to foreign nationals, while also setting the outer limits of the civil scope of the FCPA. These opinions are also relevant to U.S.-based funds, where foreign affiliates are involved in soliciting investments from government officials....