Year: 2009

Can SEC Enforcement Be Revitalized? Lessons From Current Scams

SEC enforcement is widely perceived as ineffective. See, e.g., Gretchen Morgenson, “Following Clues the S.E.C. Didn’t,” New York Times, Business at 1 (Feb. 1, 2009) (available here, registration required). Concerns stem from recent high profile failures. The much talked about

This Week In Securities Litigation (January 30, 2009)

This week, the focus was on Capital Hill. New SEC Chairwoman Mary Schapiro was sworn in, vowing to rejuvenate the agency and its enforcement program. The Senate heard testimony from two senior SEC staff members, ostensibly about the agency’s prior