After weathering criticism for being too lax, the Securities and Exchange Commission's San Francisco office is remodeling itself to be more like its tough older cousin, the Department of Justice. Changes in policy since the Democrats took over the White House have given SEC lawyers more power to quickly pursue investigations. That will mean more pressure on the public companies in Silicon Valley and their lawyers to move quickly, perhaps with the threat of greater penalties.
August 21, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After weathering criticism for being too lax, the Securities and Exchange Commission is remodeling itself to be more like its tough older cousin, the Department of Justice. Changes in policy since the Democrats took over the White House have given SEC lawyers more power to quickly pursue investigations.
That will mean more pressure on the public companies in Silicon Valley and their lawyers to move quickly, perhaps with the threat of greater penalties.
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