Sunday, November 9, 2008
SEC Chairman Christopher Cox spoke on The Importance of International Enforcement Cooperation in Today's Markets at the SEC International Enforcement Institute, Washington, DC, on November 7, 2008. Among other things, he reported that:
At this moment, the SEC is working on 12 open subprime investigations with our foreign regulatory counterparts. Some of these are large scale and complex investigations that require cooperative access to each other's files. In some of these matters there is also an ongoing criminal investigation, both here in the United States and abroad.