Wall Street Enforcement to Get Tougher as SEC’s New Top Cop Gets to Work | US News

“Gurbir enjoys a reputation as being a 20-hour-a-day guy,” said John Carney, who ran the same economic crimes unit from 2002-2005.

Tough enforcement is a priority for Democrats who say the Trump administration was soft on Wall Street. Under Trump, the SEC focused much more on smaller-scale fraud instead of big corporations, according to Georgetown law professor Urska Velikonja.

In contrast, the sources said, Grewal will be willing to pursue big companies and challenge them in court rather than settling for a fine, a common practice which Democrats say doesn’t deter corporate wrongdoing.

“As a career prosecutor accustomed to the courtroom, he won’t be afraid to aggressively push matters to trial,” said Carney.

Source: Wall Street Enforcement to Get Tougher as SEC’s New Top Cop Gets to Work | Investing News | US News