Speaking at the Securities Enforcement Forum in Washington, Gensler stated that the SEC looks at “high-impact cases.”
“When you’re a victim of fraud, misconduct, and abuse, the highest-impact case is the one that affects you — whether you lost $20,000 due to affinity fraud or your life savings in a crypto-related scam,” Gensler said.
He told the audience of securities attorneys to work with their “clients to create a culture of proactive compliance.”
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Gurbir Grewal, director of the SEC’s Division of Enforcement, said in separate comments Wednesday at the Securities Enforcement Forum that in each of the recent actions brought related to off-channel communications, “the firms at issue had the right policies and procedures but they didn’t have the implementation and execution” of those policies and procedures.
Source: ‘All Cases Are Important,’ SEC’s Gensler Says | ThinkAdvisor
