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SEC's Aguilar Looks Back at Seven Years of Progress

Bruce Carton | December 23, 2015

SEC Commissioner Luis A. Aguilar will depart the SEC at the end of this month after serving as a commissioner for over seven years. With his last day at the SEC quickly approaching, Commissioner Aguilar posted an interesting statement on the SEC's website this week in which he shared some observations about how the SEC has evolved during his tenure. 

Commissioner Aguilar was sworn in on July 31, 2008 -- just before I began writing this "Enforcement Action" blog for Compliance Week in September 2008. As he notes in his statement this week, this was precisely the time that Lehman Brothers collapsed, the global financial crisis exploded, and the massive Bernard Madoff Ponzi scheme came to light.

The combination of all of these events in late 2008 created a perfect storm in which, Aguilar notes, "the...

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