David Kirkpatrick

February 9, 2009

Watch out — the SEC is back in business

Filed under: Business, Politics — Tags: , , — David Kirkpatrick @ 4:47 pm

And baring teeth.

From the link:

The new head of the Securities and Exchange Commission is ending a practice that she said had slowed the agency’s enforcement efforts against corporate wrongdoing.

In her first public address as SEC chairman, Mary Schapiro said Friday that she was ending a two-year policy requiring agency enforcement attorneys to get approval from the commissioners before negotiating fines and penalties with companies accused of violations.

Schapiro said that practice “just sends the wrong message” and has caused delays. It is among the steps she said she is taking to revitalize the SEC’s enforcement efforts and bolster investor protection.