Critics Say Low Hanging Fruit Key To SEC's Record Year

Law360, New York (November 23, 2011, 5:21 PM EST) -- Though the U.S. Securities and Exchange Commission continues to tout the record number of enforcement actions taken over the past year, a closer look suggests an agency more focused on pursuing easy wins than taking on the complex claims and big guns linked to the financial crisis, critics say.

Earlier this month, the SEC's Division of Enforcement revealed that it had filed 735 enforcement actions in the fiscal year ending Sept. 30, after a series of missteps — including failing to catch Bernard Madoff's $65 billion fraud — forced the agency to overhaul its operations in 2009 and 2010.

Promising to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms


Government Agencies