We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Schapiro Moves To Speed Up SEC Investigations

Law360 (February 6, 2009, 12:00 AM EST) -- In an effort to accelerate U.S. Securities and Exchange Commission investigations, newly confirmed Chairwoman Mary L. Schapiro has put an end to a two-year pilot program that required enforcement attorneys to get approval from commissioners before negotiating fines and other penalties with companies accused of securities violations.

In a speech at the Practicing Law Institute's “SEC Speaks In 2009” conference in Washington, D.C., on Friday, Schapiro said that bringing the “penalty pilot” experiment to an end would be a significant step in empowering the beleaguered securities...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.