SEC Enforcement in the Financial Sector: Addressing Post-Crisis Criticism

摘要

The public outcry against financial institutions and their leadership as a result of the financial crisis continues unabated. And increasingly there is criticism of the response of the government and federal agencies, in particular the Department of Justice and the Securities and Exchange Commission (SEC). The concern is that actions taken have not targeted those at fault, and that there is little deterrence with respect to future conduct. Fines, after all, can be seen as the cost of doing business or a source of revenue to reduce deficits.