fbpx
News
October 29, 2015

WSJ Op-Ed Highlights Growing Costs of SEC Enforcement Actions

William R. Baker III, a former associate director of the U.S. Securities and Exchange Commission Enforcement Division, and Latham & Watkins LLP partner Joel H. Trotter, highlight a U.S. Chamber report in a Wall Street Journal op-ed spotlighting the growing costs of SEC enforcement actions.

“The costs associated with SEC enforcement actions have never been higher,” notes the op-ed. “A recent U.S. Chamber of Commerce study reported that an SEC investigation imposes $4.6 million in average direct costs. Even when the SEC determines no wrongdoing, companies can incur enormous financial costs, with some investigations running well over $100 million.”

Such enforcement actions impose “direct and indirect costs on public companies and other officers”.

“That’s bad for business, and bad for the U.S. economy,” conclude the authors.

Read the full op-ed here.

Drone Laws, flying drone over field Blog Drone Laws: A Look in the Future Class Action Litigation, Over-Enforcement U.S. Department of Justice building in Washington D.C. Blog Department of Justice Rolls Back Key Over-Enforcement Reforms Over-Enforcement U.S. Capitol Press Releases U.S. Chamber of Commerce Applauds Introduction of Bipartisan Senate Bill to Combat Foreign Corruption Over-Enforcement News In The News-July 22, 2021 Class Action Litigation, Over-Enforcement News Cali. Court Rejects Postmates Efforts To Send Wage Suit To Arbitration Arbitration, Over-Enforcement

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings