Focus on Sale of Higher-Fee Mutual Funds Fuels 30-Year High for SEC Enforcement Actions

Focus on Sale of Higher-Fee Mutual Funds Fuels 30-Year High for SEC Enforcement Actions

November 6, 2019, Wall Street Journal

Gerald Hodgkins is quoted in the Wall Street Journal regarding an SEC enforcement case targeting the sale of higher-fee mutual funds. Mr. Hodgkins found that fines against such defendants are usually harder for the government to collect. Unlike Wall Street banks and public companies that are quick to pay, individuals and smaller firms accused of brazen frauds have often spent much of the money they took in.