Homer Moyer was quoted regarding the widening of U.S. regulatory probes of private equity firms to include alleged bribes paid to foreign officials. Private equity firms have been increasingly scrutinized in the recent past as regulatory agencies investigate whether firms have properly disclosed to investors certain fees charged to portfolio companies. As the Securities and Exchange Commission (SEC) continues to investigate disclosure issues in this industry, possible FCPA issues may attract their attention "It's a new and fluid situation that could become more than that," Moyer said. Some sources indicate that as part of the widened probes, investigators who come across possible FCPA violations are now referring those cases to the SEC's enforcement division.