SEC Won’t Necessarily Stay Its Proceedings for DOJ Cases

Lanny Breuer, assistant attorney general for the DOJ’s criminal division, said today that the SEC will no longer necessarily enter into a stay of its enforcement actions when the DOJ is pursuing a parallel related criminal case. According to Reuters, Breuer stated that “[j]ust because there’s a civil action … and a parallel criminal action, the days are gone where the civil action will necessarily be stayed until the criminal action is over.” Full details are available in this post on my Enforcement Action blog over at Compliance Week.