On November 16, 2012, at ACI’s 28th Annual FCPA Conference, top regulators from the DOJ and SEC discussed FCPA enforcement developments in a lively panel called the “2012 FCPA Overview.” The panelists discussed, among other things, the “message” from recent cases, including the much-touted Morgan Stanley case and the “rogue employee” defense; the benefits of self-reporting; the increased capacity of the government to detect misconduct; and whether requirements for financial reporting are expanding. The 2012 overview panel was moderated by Lucinda A. Low, a partner at Steptoe & Johnson, LLP, and head of its FCPA practice. It featured the SEC’s Kara Novaco Brockmeyer and the DOJ’s Charles Duross. Brockmeyer has been Chief of the SEC’s FCPA Unit since September 2011. Prior to that, she served as Assistant Director of its Enforcement Division and in other capacities since 2000. Duross is Deputy Chief of the Fraud Section in the DOJ’s Criminal Division and is in charge of all of the DOJ’s FCPA cases. He previously served as an Assistant U.S. Attorney.