Is it really possible, you ask, that a federal agency charged with important law enforcement responsibilities and that has limited resources has abandoned the most efficient and cost effective forum available to it?
So let us take a quick look at some historic comparisons. In the first quarter of 2011 the SEC issued exactly one substantive decision in an administrative case or appeal from a self regulatory organization case….In contrast forty-two decisions were issued in the first quarter of 1996. Some might argue that 1996 was an unusual year. So let us examine 1997. In that year’s first quarter the Commission issued thirty opinions.
‘Enforcement 40’ for 2020
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