"Smith & Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas. The SEC said on Monday that sales staff at the Springfield, Massachusetts-based company engaged in a "pervasive" effort to win contracts from 2007 to 2010 by authorizing or making illegal payments or providing gifts to government officials in Pakistan, Indonesia, Turkey, Nepal and Bangladesh. In one instance, Smith & Wesson approved a sale of 548 pistols to Pakistani police after its agent, who was hired in 2008, notified the company he would give cash and more than $11,000 worth of guns to police officials to complete the deal, the SEC said."