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.”
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.
‘Enforcement 40’ for 2020
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