SEC Considers Revealing More Facts About Corporate Investigations (Boehme quoted)

SEC Considers Revealing More Facts About Corporate Investigations

Tony Chapelle – AgendaWeek – April 12, 2010

SEC4

Court settlements between public companies and the SEC often leave out many underlying details of what led to the settlement. Yet with the agency under pressure to improve its regulatory image, enforcement officials say they want to reveal more of what they find when they investigate corporate wrongdoing.

This month, Robert Khuzami, director of the SEC’s Enforcement Division, told the Washington Post that he and other officials are considering the costs and benefits of providing more frequent “statements of facts” when the SEC submits settlement papers to courts. He claims that the increased transparency would benefit investors and market participants by letting them know more about violations that took place.

. . .

(Read more)

Leave a Reply