Trump Administration Spares Corporate Wrongdoers Billions in Penalties

Gerald Hodgkins is quoted in The New York Times regarding SEC enforcement activity during the first 20 months of the current Administration. Mr. Hodgkins says there was an uptick in enforcement in 2018 against fraudulent stock offerings and investment advisers accused of lying and stealing. At the same time, the SEC brought fewer market manipulation cases, which are generally seen as more sophisticated. He says, “We are definitely seeing a shift from the more complex cases to those that are less time-intensive and affect a narrower segment of the investing public.”