Enforcement Developments Regarding Broker-Dealers

Law360, New York (February 25, 2010, 2:23 PM EST) -- The economic crisis of 2008 and the Ponzi scheme of Bernard Madoff led government officials, the public and the media to call for an increase in securities enforcement activity. As a result, 2009 was a year of change at the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.

The SEC installed new leadership that perceived a mandate to restore investor confidence by aggressively pursuing companies and individuals who engage in wrongdoing affecting the securities markets.

The commission’s new leaders instituted a number of...
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