Last week: For those who have read stories about DOGE going into the SEC and may be concerned that the regulatory agency is being “dismantled” and will be left without resources to fight fraud, I witnessed quite the opposite in real time. Last week, I participated in a “meet and confer” call with SEC staff on behalf of one of our octogenarian pro bono clients who was sued (in 2021) for a non-fraud Section 5 violation relating to a single transaction in 2017. On my LinkedIn page, you can read my account of the call, which is a valuable illustration of how the SEC’s seemingly bottomless supply of resources is being squandered.
Source: BEYOND THE HEADLINES: A Ground-Level View of Ongoing SEC Operations