SEC Enforcers Armed With New Cooperation Tools

Law360, New York (January 14, 2010, 6:00 PM EST) -- The U.S. Securities and Exchange Commission has announced a major policy shift that will allow its Enforcement Division attorneys to gain greater cooperation from informants and companies and act more like criminal prosecutors in procuring information.

Enforcement director Robert Khuzami, himself a former federal prosecutor, on Wednesday described the SEC's new power to enter into cooperation and other agreements with companies and individuals that provide information to the commission's investigations as a “game-changer.”

“There is no substitute for the insiders' view into fraud and misconduct that...
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