Deterring SEC 'Shoot From The Hip' Enforcement

Law360, New York (March 11, 2013, 12:20 PM EDT) -- The U.S. Securities and Exchange Commission's recent action against "Certain Unknown Traders in the Securities of H.J. Heinz Company" has garnered significant press attention, in no small part because of the sheer size of the alleged unrealized profit ($1.8 million), and the name-recognition of the parties involved (Warren Buffet, Berkshire Hathaway and America's favorite ketchup company, H.J. Heinz).

The SEC's action in Heinz is no anomaly, as the commission has aggressively and arguably recklessly adopted a shoot-from-the-hip strategy in filing enforcement actions against purported foreign traders...
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