Financial Firms Brace For More Scrutiny

Law360, New York (January 8, 2009, 12:00 AM EST) -- With U.S. financial regulators under growing political pressure to step up their enforcement efforts in the wake of the Madoff scandal and the economic crisis, financial services firms are bracing for intensifying levels of scrutiny in the coming months.

Experts say that while it's still difficult to predict exactly on what areas the U.S. Securities and Exchange Commission and other watchdogs will focus, the political heat regulators have faced in recent months will likely spark aggressive examinations, investigations and even new regulations.

Richard Marshall, a partner...
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