Gibson Dunn & Crutcher

International Top 30 position 2012: 19

2012 year-end securities enforcement update

In many respects, 2012 was another year of aggressive SEC enforcement. The SEC’s Division of Enforcement again logged a near record number of enforcement actions. More important, the cases reflected a marked increase in the number and proportion of actions against registered investment advisers and broker-dealers, and their associated persons. This increased focus derives from a culmination of factors, including Enforcement’s creation of specialised units for the asset management industry and for structured products, the hiring of industry experts, and the close collaboration between staff from Enforcement and the SEC’s Office of Compliance Inspections and Examinations. With the expansion of the registered private fund adviser population under financial reform legislation, and the launch of an initiative to conduct focused, risk-based examinations of these new registrants, this trend will likely continue for the foreseeable future.

Click on the link above to download this Gibson Dunn & Crutcher briefing.


Briefings from Gibson Dunn & Crutcher

  • New UAE antitrust legislation in force from February 2013

    On 23 October 2012, the United Arab Emirates enacted its Federal Competition Law (Federal Law No. (4) of 2012), which laid down new rules on anti-competitive agreements, merger control and abuse of dominance.

  • 2012 year-end German law update

    In retrospect, 2012 likely will be remembered as another year of manifold challenges in the Eurozone and of slow consolidation rather than one of fundamental reform or renaissance.

View more briefings from Gibson Dunn & Crutcher

Browse This Firm’s

Overview

Telephone House
2–4 Temple Avenue
London
EC4Y 0HB
UK

Firmwide revenue 2011 ($m): 1,165
Global lawyers 2011: 995