MFA Blog

SEC Enforcement Division Sees Expertise Improvement

Posted on October 11, 2013

According to a recent article published by Pensions & Investments, the Securities and Exchange Commission’s enforcement division “has improved its market expertise and enforcement record.”  Speaking at the Securities Enforcement Forum on October 9, current and former officials agreed on the improvement.

“The division is extremely strong,” said Andrew Ceresney, the current co-director of the SEC enforcement division.  “We want the division to be perceived as being the most effective, but also fair.”  He added that current priorities include new market practices like high frequency trading and investment adviser fee approval practices and compliance controls.

Regarding the push for the SEC to get more admissions of guilt rather than settlements in some cases, Ceresney noted, “The conclusion we came to is there are certain cases where there is a need for accountability. Most of our cases will continue (to settle) because there is a need for swift resolution.”

Read more about this story online from Pensions & Investments.