Following the financial crisis of 2008, the federal government faced harsh criticism for not bringing enough cases against individuals. Since then, government lawyers have consistently crooned the same tune. It doesn’t change much from year to year: A Department of Justice (DOJ) or Securities and Exchange Commission (SEC) leader says individual accountability is extremely important, makes some policy tweaks, and confirms the government will continue to focus on holding bad guys and gals accountable.
This is all fine and good. At a high enough level of abstraction, everyone wants truly bad actors to face the music. As we say to our kids, “Your actions have consequences.” But how do we decide who deserves career-crippling public sanctions or even a one-way ticket to the clink? And how do we decide that, even though mistakes were made, no one person should take the fall?
In this post, I’ll give you a few tips on some of the things that make government attorneys want to bring securities enforcement actions against individuals….
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn