All SEC Enforcement articles – Page 2

  • Article

    When a Board Member Goes Bad


    Image: Investigations into rumors of misconduct are part of a compliance officer’s job. Seldom, however, is the task as delicate as when investigating a board member. “You need to think about making decisions knowing that the facts may end up completely different, once it is all done,” Adam Frankel, general ...

  • Article

    Dueling Views on SEC Enforcement


    Image: A chronic dilemma for the SEC Enforcement Division is how best to focus its efforts given resource constraints. Enforcement Director Andrew Ceresney had to answer for how those decisions are made during a meeting of the Investment Advisory Committee last week. Despite calls to abolish the “broken windows” approach, ...

  • Blog

    Gleaning Enforcement Insights From Accounting Missteps


    A confession from Compliance Week columnist Robert Herz: He spends time each summer reading Accounting & Auditing Enforcement Releases the SEC publishes as part of its enforcement against corporate misconduct. This week, Herz looks over the various AAERs of the last 12 months to pluck out common themes: more enforcement ...

  • Blog

    Aguilar Sounds Off on CCO Liability Again


    Image: More shots fired this week in the continuing war of words at the SEC about whether the agency is unfairly taking enforcement action against chief compliance officers. This time, Commissioner Luis Aguilar defended the agency with a statement calling for the SEC to be more clear in its enforcement ...

  • Blog

    SEC's Erin Schneider Named Associate Regional Director in San Francisco


    The SEC has named Erin E. Schneider as the new Associate Regional Director for enforcement in its San Francisco office. As Associate Regional Director, Schneider will lead the team of attorneys, accountants and other professionals who investigate and litigate the San Francisco office’s enforcement efforts for Northern California and the ...

  • Blog

    SEC Announces 2015 Examination Priorities


    The SEC has released its examination priorities for 2015. The list includes cyber-security controls and assessing anti-money laundering efforts, with a focus on firms that have not filed suspicious activity reports or have incomplete or late filings. SEC staff will also examine proxy advisory service firms, assessing how they make ...

  • Blog

    Study: Whistleblowers Are Even More Costly Than You Thought


    When whistleblowers tip off the government with information about corporate wrongdoing, the damage can be more costly than otherwise expected, according to a new study. Even before the SEC started offering rewards for actionable information, the assistance of one or more tipsters in an enforcement action increased penalties by an ...

  • Andrew Ceresney

    SEC Enforcement Trends: Targeting Gatekeepers and Rewarding Tipsters


    The Securities and Exchange Commission brought a record-breaking number of enforcement actions in fiscal year 2014, including several against compliance and audit executives. That should come as no surprise: Enforcement Director Andrew Ceresney (pictured above) warned last spring that the SEC wouldn’t hesitate to pursue executives, including compliance professionals, when ...