• Skip to primary navigation
  • Skip to main content
Logo
Open search bar
  • About
    • Meet the Team
    • Todd Cipperman
    • Why Choose Us
  • Services
    • Money Managers
    • Registered Funds
    • Private Equity
    • Broker-Dealers
    • CyberSecure - Funds
  • In The News
  • Outsourced CCO
  • Client Engagement
  • Resources
    • Helpful Information
    • Regulatory Exams
    • Executive Interviews
    • Blog
    • Podcasts & Videos
    • Best Practices
  • Contact Us

Our Take Blog

Home
Our Take Blog
SEC Names Individuals in 80% of Enforcement Cases 

SEC Names Individuals in 80% of Enforcement Cases 

The SEC’s Director of Enforcement, Andrew Ceresney, recently asserted that 80% of SEC enforcement cases over the last 5 years involved charges against individuals.  Mr. Ceresney explained the SEC’s focus on individual liability: “Holding individuals accountable for their wrongdoing is critical to effective deterrence and, therefore, the Division considers individual liability in every case.”  In the same speech, Mr. Ceresney also described how self-reporting can reduce charges and penalties and allow for deferred or non-prosecution agreements.

OUR TAKE: The SEC does not make idle threats.  Chair Mary Jo White declared a policy of prosecuting individuals almost from the moment she took office.  (See http://blog2.cipperman.com/2013/10/sec-chairman-vows-to-deploy-the-full-enforcement-arsenal/).  The SEC Enforcement Division has vigorously pursued this policy during her tenure.

http://www.sec.gov/news/speech/ceresney-fcpa-keynote-11-17-15.html

Back to Top
logo
480 E. Swedesford Road, Suite 220, Wayne, PA 19087
610-687-5320
LinkedIn Twitter
© 2020 Marlivia Properties LLC