S.E.C. Commissioner Rebukes His Colleagues

S.E.C. Commissioner Rebukes His Colleagues

August 29, 2014, The New York Times

Covington's David Martin is quoted in this article regarding Luis Aguilar, a commissioner at the S.E.C., stating that he was concerned that the agency’s stance on cases involving executives who put misleading and fraudulent numbers into their financial filings might be weakening.

"Mr. Aguilar’s missive goes to the heart of one of the S.E.C.’s main jobs – pursuing accounting fraud at public companies. 'It is noteworthy,' said David B. H. Martin, a partner at Covington & Burling. 'What Aguilar is saying is that he thinks the case is stronger than the other commissioners did, and even perhaps the staff.”'