Lawsky's Vow To Target People Could Lead To Scapegoating

Law360, New York (March 11, 2014, 8:01 PM EDT) -- New York financial regulator Ben Lawksy's vow to punish individuals — not just businesses — in mortgage and bank probes suggests the era of stand-alone corporate settlements is ending, and while experts saw that as a welcome change, some warn an overemphasis on people could entice top executives to look for sacrificial lambs.

Legal experts weighed in after Lawsky, head of the New York State Department of Financial Services, was quoted as saying that efforts to expose individual bad actors as part of probes into corporate...
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