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SEC's Peirce Slams 'Broken Windows' Enforcement Era

Law360 (May 11, 2018, 10:36 PM EDT) -- U.S. Securities and Exchange Commission member Hester Peirce on Friday delivered a sharp rebuke of her agency’s past enforcement practices, particularly the “broken windows” approach of punishing small infractions, as she called on the regulator to police the markets with a lighter and more "calibrated" touch.

In a speech before the annual Rocky Mountain Securities Conference in Denver, the Republican commissioner said the SEC must be more mindful of the impact its enforcement program has on companies and individuals being investigated and use its limited resources...
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