New SEC Tactics Lead To Record 735 Actions In 2011

Law360, New York (November 9, 2011, 2:55 PM EST) -- A host of new tools traditionally used in criminal cases allowed the U.S. Securities and Exchange Commission to file a record 735 enforcement actions in fiscal year 2011, the regulator announced Wednesday.

The SEC said that it filed 15 cases related to the 2008 financial crisis — including several over collateralized debt obligations linked to subprime mortgage-backed securities — and a whopping 57 insider trading actions in the fiscal year that ended Sept. 30. The insider trading case against Galleon Group founder Raj Rajaratnam resulted in...
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