If confirmed, Clayton would lead the agency as it puts two major reputation-damaging events behind it: Its failure to act on several tips that Bernie Madoff was operating a Ponzi scheme, which blew up in 2006 and caused billions of dollars in investor losses; and its inability to regulate securities markets in a way that would have stemmed the financial crisis.
For some perspective on what’s been happening at the agency, Big Law Business spoke to two former directors of enforcement about how the SEC has transformed in recent years and its impact.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn