ITT Corp. and the Securities and Exchange Commission settled ITT’s alleged violations of the Securities Exchange Act of 1934 and the Foreign Corrupt Practices Act (FCPA) arising from payments its Chinese subsidiary, Nanjing Goulds Pumps Ltd. (NGP), made to Chinese government officials from 2001 through 2005 to influence the purchase of NGP water pumps. ITT, without admitting or denying the SEC’s allegations, consented to the entry of a final judgment ordering the company to pay nearly $1.7 million in disgorgement, interest and civil penalties.