SEC suffers three recent losses despite increased focus on trial readiness. Issue 1 (27th February 2014)

• Record Type: Journal Article
• Authors: Bettigole, Bruce; Kelly, Katherine; Kruly, Charlie
• Is Part Of: Journal of investment compliance. Volume 15:Issue 1(2014)
• Page Start: 35
• Page End: 37
• Publication Date: 2014-02-27
• Subjects: Institutional investments -- Law and legislation -- Periodicals; Securities -- Periodicals; 332.6
• DOI: 10.1108/JOIC-01-2014-0008
• Languages: English
• ISSNs: 1528-5812

Abstract

<abstract> <title> <x content-type="archive" xml:space="preserve">Abstract</x> </title> <sec> <title content-type="abstract-heading">Purpose</title> <p> – To contrast SEC Chair Mary Jo White's enforcement rhetoric with the results of recent SEC enforcement actions. </p> </sec> <sec> <title content-type="abstract-heading">Design/methodology/approach</title> <p> – Discusses a speech in which White explained the benefits she believes result from taking cases to trial. Proceeds to review three recent cases in which the Commission has lost after a jury trial or summary judgment motion. </p> </sec> <sec> <title content-type="abstract-heading">Findings</title> <p> – Based on three recent SEC losses, White may be correct in her prediction that trials promote "public accountability for both defendants and the government." </p> </sec> <sec> <title content-type="abstract-heading">Practical implications</title> <p> – Some defendants in SEC enforcement actions may ultimately prevail if they refuse to settle with the Commission. </p> </sec> <sec> <title content-type="abstract-heading">Originality/value</title> <p> – This article analyzes the early results of the SEC's newly-announced enforcement policies.</p> </sec> </abstract>