SEC Chairman Mary Jo White began her tenure in 2013 with a promise to refocus the agency on investigating financial-reporting and disclosure problems, after years dominated by financial-crisis cases.
The push has led to a steady increase in those types of cases: 134 in the year ended in September, up from 98 the previous year and 68 the year before that.
Behind that increase, according to David Woodcock, who led the SEC’s accounting-fraud task force from its inception in 2013 and is now in private practice at law firm Jones Day, is a new approach to the cases.
via Prosecutorial Bent Shows in SEC Accounting-Fraud Push, Ex-Official Says – Law Blog – WSJ
