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SEC Taking Longer To Go After Fraud Schemes: Study

Law360 (December 15, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has become slower in recent years in cracking down on alleged fraudulent activities, taking more time to issue enforcement responses against companies for financial statement fraud, a new study has found.

The average number of years between when fraudulent activity started and when the SEC issued its latest enforcement response increased by 34 percent between 2005 and 2007, according to a study released Monday by think tank Deloitte Forensic Center.

The SEC reports on its administrative enforcement actions through its...
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