SEC Wields New Powers To Get More Cooperation

Law360, New York (October 28, 2010, 4:49 PM EDT) -- Since it gained the power to do so in January, the U.S. Securities and Exchange Commission has entered into about 15 or 20 so-called cooperation agreements, and more are in the pipeline, an agency spokesman confirmed Thursday.

Cooperation agreements — written agreements where enforcement attorneys recommend to the commission that a source receive credit for information provided — are not public documents and are therefore oftentimes preferred by companies.

Prior to January, the SEC did not have the power to negotiate them. But that month, the...
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