Daily Archives: November 5, 2021, 5:27 pm

SEC Chair Warns of Enforcement “Without Quarter” | Cadwalader Cabinet

In remarks before the Securities Enforcement Forum, SEC Chair Gary Gensler echoed first SEC Chair Joseph Kennedy’s assertion that the SEC “will make war without quarter on any who sell securities by fraud or misrepresentation.” Mr. Gensler outlined several principles that he shared with the Division of Enforcement to guide its assessments of misconduct under the federal securities laws…. Source:…

Read More

SEC to ‘dig deeper’ in cybersecurity enforcement | CFO Dive

The SEC Enforcement Division’s Cyber Unit “will continue to dig deeper into the area of cybersecurity-related disclosures and disclosure controls and internal controls,” Ablaev, a member of the Cyber Unit, said Thursday at Securities Enforcement Forum 2021. “You’ll be seeing more of the actions that we’ve been bringing fairly recently.” When sanctioning companies for failures in cyber risk disclosure, the…

Read More

SEC Chair Gary Gensler: Prepared Remarks At the Securities Enforcement Forum

Before I close, I’d like to address the audience directly — those of you who are lawyers, auditors, accountants, bankers, and investment advisers. You all play an important role in our capital markets. Market participants rely on you for advice and counsel on a daily basis. Within our securities laws, you are entrusted with certain responsibilities and take on certain…

Read More

Gensler: SEC Will Pursue Misconduct Everywhere Including Matters That Don’t Make Headlines

Speaking to the Securities Enforcement Forum Gensler told the corporate executives in the audience: “If you’re asking a lawyer, accountant, or adviser if something is over the line, maybe it’s time to step back from the line.” He told the lawyers, auditors, accountants, bankers, and investment advisers in attendance they can often be the first lines of defense when a…

Read More