Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Monday, August 16, 2010

SEC Empowers and Emphasizes Enforcement Division

SEC Chair Mary Schapiro has consistently stated that enhancing and improving the agency's Enforcement Division was one of her priorities in restoring the SEC's reputation.  Two recent examples of this commitment:

1.  Zachary Goldfarb reports that the SEC has made permanent Enforcement's power (previously granted on a temporary basis) to subpoena documents and testimony in an investigation without obtaining approval from the Commissioners; WPost, SEC enforcement division granted permanent subpoena powers.

2.  The SEC's website now prominently displays an icon for the Enforcement Division on the upper right-hand corner, with links to its "headline" cases (e.g., Wyly Brothers, Citigroup, Goldman Sachs).

http://lawprofessors.typepad.com/securities/2010/08/sec-empowers-and-emphasizes-enforcement-division.html

SEC Action | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0133f31bcc1c970b

Listed below are links to weblogs that reference SEC Empowers and Emphasizes Enforcement Division:

Comments

On PLI's Securities Law Practice Center we just featured a helpful memo sent to us from Sullivan & Cromwell that explains some of the important changes at Enforcement such as permanent subpoena power and compelling testimony. Here is a link: http://seclawcenter.pli.edu/2010/08/16/sullivan-cromwell-on-the-enforcement-divisions-new-powers/

Posted by: Kara O'Brien | Aug 17, 2010 9:03:18 AM

Post a comment