SEC Defends Administrative Proceedings as ‘Eminently Proper’ | National Law Journal

“There has been some criticism recently of our use of administrative proceedings against unregistered entities and individuals and suggestions that these proceedings are unfair,” Andrew Ceresney, director of the SEC Enforcement Division, said in a speech Friday to the American Bar Association’s Section of Business Law. “I reject that assertion.”

Ceresney said: “Our use of the administrative forum is eminently proper, appropriate and fair to respondents.”

via SEC Defends Administrative Proceedings as ‘Eminently Proper’ | National Law Journal