09.01.2009 U.S. Regulators Prepare for “Rejuvenated Enforcement” Against Companies after Labor Day
09. 2009As the summer of 2009 ends and the economic outlook begins to improve, companies doing business in the United States are bracing for a new wave of regulatory scrutiny of potential corporate misdeeds. The president signed a law last May designed specifically to enhance the ability of federal enforcement agencies to combat fraud by committing additional resources to white collar criminal enforcement. More recently, in a speech before the New York City Bar in mid-August, the new director of the Division of Enforcement at the Securities and Exchange Commission (SEC), outlined the steps he’s taking to enhance the investigative powers of the agency for the protection of investors. As a result of this and other moves by the SEC this year, the SEC can now move faster to approve formal orders of investigation.
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