Ladies and gentlemen of the jury, you have heard the people’s case against the Securities and Exchange Commission’s Division of Enforcement. It now rests in your hands to decide whether this is a guilty party.
In a span of less than one year, the public’s assessment of the Enforcement Division—particularly by certain members of Congress and the media—has gone from highly positive to today’s incendiary charges that the Enforcement Division is incompetent, non-existent, misguided, and somehow responsible for the financial crisis spreading across the globe.
These charges are false, and you should find the Enforcement Division not guilty in this matter.
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