The U.S. Securities and Exchange Commission’s latest annual enforcement report hints that the agency is shifting its focus away from traditional corporate disclosure statements and looking more closely at the internal financial data that typically comes up during earnings calls. Such data wouldn’t necessarily be part of a company’s formal accounting.

“You’re seeing more cases that are really honed in on the operating metrics and financial goals of the company,” said Gerald Hodgkins, a former associate director of the SEC’s enforcement division. He’s now a partner at Covington & Burling in Washington, D.C., where he specializes in securities litigation and enforcement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]