Year: 2007

The New SEC Settlement Procedures Re: Corporate Penalties: Will Anyone Listen or Protect the Shareholders?

Last Friday, the Washington Post ran a story by Carrie Johnson outlining a new SEC settlement policy for cases involving a corporate penalty.  Under the proposed policy the Enforcement Division staff would have to obtain Commission approval before negotiating a

Has the SEC Shifted Its Views?

Over the years, the SEC has repeatedly stated that its mission is “to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”   In this context, the agency has repeatedly told Congress and the courts that private securities litigation is a necessary adjunct to