A little known office established just six months ago within the Securities and Exchange Commission seems to have hit its stride this summer, producing tangible results for investors and possibly signaling the end of six years of frustration for the SEC.
Since 2002, the SEC has struggled mightily (and publicly) to develop some efficient way to return more than $9 billion in settlement funds to injured investors. Although the SEC still has as much as $5 billion that it must distribute to investors, its new Office of Collections and Distributions, created in February, has announced six Fair Funds settlement distributions ...