Daily Archives: November 9, 2008, 9:49 am

SEC’s Aguilar Concerned With Drop Off in Large Investigations, Lower Amount of Penalties

In his remarks before the 14th Annual Securities Litigation and Regulatory Practice Seminar, SEC Commissioner Luis A. Aguilar had some interesting “quality vs. quantity” comments with respect to the recently announced case and penalty statistics of the Enforcement Division. In short, he appears to wants more high-impact “large investigation” cases and greater penalties. He stated: The SEC’s Enforcement Division has…

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Details From, and Copies of, ALJ Decisions Rejecting Disciplinary Action in Bear Stearns and Aguirre Matters

Securities Docket has obtained copies (see links below) of the two reports by ALJ Brenda Murray examining and ruling on the disciplinary recommendations of SEC Inspector General David Kotz in the Bear Stearns and Pequot investigations.  As previously discussed here, Judge Murray concluded that the record did not support any disciplinary or performance-based action in either matter. In the Bear…

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