SEC enforcement cases to increase in 2014 — four things public companies need to know
By Nicolas Morgan and Jennifer M Feldman
A casual observer of Securities and Exchange Commission (SEC) trends could be forgiven for concluding that the SEC has lost interest in pursuing enforcement actions involving public company financial reporting violations.
But the casual observer would be mistaken. This year, the SEC is intent on bringing record numbers of financial reporting cases and has some new tools and resources to enable it to do so.
In 2013, the SEC brought fewer enforcement actions involving financial fraud and issuer disclosure than at any time in the previous decade: 68. Even when we add in Foreign Corrupt Practices Act cases, the number was still a record low 73, fewer than the 94 cases brought the previous year and far fewer than the high watermark of 219 financial fraud cases the agency brought in 2007. But recent developments suggest that the downward trend will turn, perhaps dramatically, in 2014…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Legislative decree no. 231/2001: the stance taken by the Italian Supreme Court on conspiracy crimes and more
The Italian High Court has pointed out some significant aspects concerning the application of Legislative Decree No. 231/2001 (corporate criminal liability).
The Trust Deficit: After the Crash report suggests that trust between business, politics and the media has broken down completely.
Analysis from The Lawyer
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies