Strategy behind SEC increasing its enforcement sweeps (IGNITES)
FrontLine Compliance
The SEC’s Director of Enforcement, Gurbir Grewal, has publicly stated that firms should expect more sweeps with increasing frequency. The Enforcement Division’s plan seems to be backed up by the SEC’s record amount of fines collected during the past fiscal year, with prior sweeps a large contributor to that total. And now the SEC believes there is a need to push the pace of investigations even further given the volatility and uncertainty in the markets.…
