In May 2022, at the Securities Enforcement Forum West Conference, Gurbir Grewal, the Director of the Division of Enforcement for the U.S. Securities and Exchange Commission, created headlines in a speech that discussed perceived “gamesmanship” by defense attorneys in enforcement investigations.
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At the outset of a “fireside chat” at this year’s conference on May 23, Director Grewal seemed to change his tune slightly and made plain that defense counsel was only one side of the coin. Addressing his May 2022 remarks, Director Grewal said the message also “should be heard loud and clear” by the Enforcement Division’s investigative staff that “this shouldn’t be a game of gotcha,” they “shouldn’t be hiding the ball,” and “should be straightforward” as part of the commission’s truth-seeking mission.
Source: No Hidden Balls At The SEC – Christian D. H. Schultz
