SEC Actions Up Again For '05, Private Suits Way Down

Law360, New York (November 7, 2005, 12:00 AM EST) -- Empowered by Capitol Hill and flush with cash, the Securities and Exchange Commission is continuing to widen its campaign against corporate fraud, with the latest numbers for 2005 showing the agency will again beat its record from the previous year. The trend is offset by a dramatic decrease in filings of private securities fraud lawsuits, which typically complement SEC investigations.

 

A study by Securities Law Bulletin of federal dockets nation-wide shows that although lawsuits filed by the SEC have increased 27% year-to-date compared with the corresponding...
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