Since 2007, the number of SEC enforcement actions involving financial fraud has declined steadily each year—from a record 219 in 2007 down to just 94 in 2012. Over the period of this decline, numerous explanations have been offered by the SEC and other commentators, including the success of Sarbanes-Oxley in reducing restatements, shifting Enforcement Division priorities, the disbanding of the SEC’s “Financial Fraud Task Force,” and even the core metrics by which the SEC Enforcement Division’s performance is evaluated.
The SEC has recently signaled that a renewed focus on financial fraud is imminent, with new analytical tools and an increased mobilization of resources. How this initiative is put into practice by the new SEC leadership could have important consequences for registrants, management, auditors and counsel.
Please join us as we address these issues as well as your questions in a free, one-hour webcast that will analyze the past, present and future of financial fraud enforcement. Our panel includes:
- Professor James D. Cox, Brainerd Currie Professor of Law, Duke Law School
- Thomas A. Hanusik, Partner, Crowell & Moring
- Martin S. Wilczynski, Senior Managing Director, FTI Consulting Forensic and Litigation
To attend this webcast (the live webcast is scheduled for Tuesday, June 25, 2013 at 1 pm Eastern), please register below.