Complying With Rule 105 As The SEC Hounds Violators

Law360, New York (April 3, 2014, 8:39 PM EDT) -- Since Mary Jo White became chairwoman of the U.S. Securities and Exchange Commission a year ago, the commission's message in enforcing Rule 105 has been loud and clear: violations, whether big or small, will be hounded.[1]

The SEC's enhanced focus on such violations manifested itself in September 2013, when the commission announced enforcement actions against nearly two dozen stock market participants for alleged violations of Rule 105.[2] Earlier this year, the SEC reached its largest Rule 105 settlement to date, a $7.3 million settlement with Worldwide...
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