SEC Enforcement Focus Shifting To Individuals: Report

By Shannon Henson

Law360, New York (December 07, 2009, 3:00 PM ET) -- The U.S. Securities and Exchange Commission has increasingly set its sights on individuals rather than companies in enforcement actions, according to a new report by NERA Economic Consulting.

According to NERA's fiscal year-end SEC Settlements Trends report, released Monday, individuals are more likely than companies to be targeted in cases alleging misstatements in the Sarbanes-Oxley Act era.

Public company misstatements are among the most frequent allegations in SEC enforcement actions, the report said.

Since SOX was passed in 2002 to the end of fiscal year 2009,...
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