Try our Advanced Search for more refined results

Expert Analysis

SEC Clarifies Position On Imposing Civil Penalties On Public Companies

By Marius Meland (January 17, 2006, 12:00 AM EST) -- On Jan. 4, 2006, SEC Chairman Christopher Cox announced a unanimously adopted policy designed to guide the market about how the SEC may use its enforcement powers to fine public companies for securities law violations. At its essence, the announcement states that the SEC will focus on whether the issuer's violation provided an improper benefit to the corporation and its shareholders. In a situation involving such perceived improper benefit, the SEC states it is inclined to seek fines to deter future conduct. Alternatively, where shareholders, already injured by the issuer's action, would be further adversely impacted by the fine, the SEC will be less likely to pursue fines against the issuer....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!