SEC settling with more individual defendants

Agency has settled 286 cases with individuals in first half of FY2012

Over the past year, the Securities and Exchange Commission (SEC) has been taking a tougher stance against corporate criminals—particularly those who engage in insider trading. According to a new report, the agency’s efforts have paid off with an increase in settlements, including those with individual defendants.

According to NERA Economic Consulting—a global company that provides economic analysis and recommendations to corporations, governments, law firms and regulatory agencies—the SEC has settled 286 cases with individual defendants in the first half of its 2012 fiscal year. NERA speculates that the agency is on track to achieve a 20 percent increase in individual settlements over FY2011.

Ashley Post

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