Over the last few years, the SEC has been criticized for (1) failing to Over the last few years, the SEC has been criticized for (1) failing to “consistently and aggressively enforce the securities laws and protect investors and the public,” (2) obtaining sanctions that amount to only a slap on the wrist against major financial institutions, (3) settling rather than taking big banks to trial, 4) failing to name individuals in enforcement actions, (5) failing to require that companies admit guilt, (6) granting waivers from the collateral consequences of enforcement actions,6 and, most recently, (7) failing to prevent a prominent hedge-fund manager from getting back into the hedge-fund business.
We evaluate below whether the facts support those criticisms. We find that they support the opposite conclusions.
via Recent Criticism of the SEC: Fair or Unfair? — HLS Forum
