Case Study: SEC V. BankAtlantic

Law360, New York (March 5, 2012, 1:29 PM EST) -- A curious aspect of the U.S. Securities and Exchange Commission’s enforcement program in recent years has been a lack of truly Earth-shaking accounting fraud cases. While the last decade opened with civil and criminal cases involving Enron, Worldcom, Tyco, Adelphia, and others, the years since have not seen the same level of activity in that area.

The SEC’s Enforcement Division has created a number of specialized units, including ones studying structured products and hedge funds, but dismantled its financial fraud task force in 2010, reasoning that...
To view the full article, register now.