• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Securities-Docket-Leaderboard_9Sec
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2011 / December / 06 / S.E.C. Seeks More Power, but Does It Need It?

S.E.C. Seeks More Power, but Does It Need It?

By Securities Docket on December 6, 2011, 2:12 pm

If adopted, the net effect of Ms. Schapiro’s proposal would give the S.E.C. the authority to seek significantly higher financial penalties for violations without ever having to resort to a federal district court by pursuing cases in administrative proceedings. That means future cases involving charges similar to those against Citigroup will not have to go before someone like Judge Rakoff, who was critical of the lack of any admission of wrongdoing in the proposed settlement…. But allowing the S.E.C. to bypass the federal courts in virtually any case in which it may seek substantial penalties raises serious questions about the fair treatment of defendants. There is certainly something to be said for giving a defendant his or her day in court, especially if the potential penalty could run into the millions of dollars.

Read more: S.E.C. Seeks More Power, but Does It Need It? — DealBook

Blog Widget by LinkWithin

Posted in SEC | Tagged APs, Settlements

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.