Going To Trial Against The SEC

Law360, New York (July 11, 2007, 12:00 AM EDT) -- The Enforcement Division of the U.S. Securities and Exchange Commission investigates hundreds of cases every year, involving allegations ranging from insider trading, false statements in financial reports or company press releases, to fraudulent investment schemes.

Some of these allegations prove meritless and the investigation is closed without any enforcement action being initiated. Most cases are settled by consent decrees whereby the company or individual neither admits nor denies the SEC’s allegations but accepts some penalty, such as an injunction against future securities violations, a financial penalty,...
To view the full article, register now.