SEC Enforcement Chief: ‘It’s No Longer Really a Question of If We’ll Find Out About a Violation, but When’ | Corporate Counsel

“I’m also sure that there are those lawyers in this room, and maybe even clients that say, ‘Hey, we’ll just take our chances that the SEC doesn’t find out or learn of a violation. Or if they do, we will cooperate at that point.’” Grewal said.

“While you may have thought out the probabilities in your own heads, I think that’s a very risky gamble. One that becomes riskier and riskier each and every day, and the odds are increasingly in our favor,” Grewal said.

“That’s because given the success of the commission’s whistleblower program, given our improved use of data analytics, given our increased use of sweeps and risk-based initiatives, it’s no longer really a question of if we’ll find out about a violation but when.”

Source: SEC Enforcement Chief: ‘It’s No Longer Really a Question of If We’ll Find Out About a Violation, but When’ | Corporate Counsel