The Securities and Exchange Commission recently unveiled more details about its plan to invigorate enforcement, with the announcement of sweeping changes aimed at bringing and resolving cases more quickly.
The changes, detailed in an Aug. 5 speech by the agency’s top cop, Enforcement Division Director Robert Khuzami, include a flatter management structure, streamlined processes and procedures, and new specialized units to investigate bribery, fraud, and other types of wrongdoing.
For corporate compliance and legal departments already struggling with SEC enforcement, the message is unwanted but simple: Expect more.
Mixter
“The speech was largely directed at delivering the message that the SEC ...