Guinea: SEC fines Hyperdynamics over lobbying payments

The US Securities and Exchange Commission (SEC) has fined Hyperdynamics $75,000 over its management of public relations and lobbying payments in Guinea. The company agreed to pay the fine without admitting or denying the SEC’s findings, and says it has incurred $12.7m in legal and other professional fees during the investigation. In May, the US Department of Justice closed its investigation into possible violations of the Foreign Corrupt Practices Act (FCPA) without bringing charges against the company.