United Technologies Says SEC Probing Chinese Engine Sales
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United Technologies Corp. said the U.S. Securities and Exchange Commission is investigating a sales representative from outside the company who worked on jet-engine sales in China.
The SEC issued a subpoena for documents and alerted the company about the probe on April 7, according to a filing today. United Technologies said it voluntarily shared details on an internal inquiry into the case with the U.S. Justice Department, SEC and the U.K.’s Serious Fraud Office in December and January.