SEC Faces Setbacks in Trying to Reform its Enforcement Image
(WashingtonPost.com) — Top SEC officials have undertaken what they describe as the most significant reform of the agency’s enforcement operations in nearly 40 years, pledging to bring big cases as never before. SEC Chairman Mary Schapiro and her hand-picked enforcement director, Robert Khuzami, have trumpeted measures designed to rapidly file major cases, send more lawyers to the front lines of investigations and set up teams specializing in specific areas of financial crime. The actions are in response to years of criticism by former officials and investor advocates that the SEC took too light a touch with Wall Street.
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