Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford. And still, they're in the best mood they've been in for years. Since being sworn in as chairman Jan. 27, Mary Schapiro has rolled back a number of rules created by her predecessor, Christopher Cox, that critics say hindered the enforcement process.
SEC Enforcement Lawyers Say Morale Is Up
March 2, 2009