Rep. Bill Huizenga, R-Mich., chairman of the subcommittee, queried the co-directors on recent news reports that the agency may be “getting soft of Wall Street” with the drop in enforcement actions since the new administration — citing 754 actions brought in 2017 versus 828 in 2016.
Avakian responded that “When we think about to what degree we are protecting the retail investor, when we think about our effectiveness, we really think it’s most important to look at the nature and the quality of our actions, the actions we’re taking, and what it is we’re doing.”
‘Enforcement 40’ for 2020
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