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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (112256)	4/7/2012 12:17:32 PM
From: bentway	Read Replies (1) \| Respond to of 149317

Increased SEC Enforcement Activity The Dodd-Frank Act also increased the SEC’s funding by an extra $1.3 billion for 2011 and approved further budget increases in future years which will result in up to $2.25 billion of increased funding by 2015. Not surprisingly, this enormous additional investment in SEC activities has resulted in a significant increase in the size and capabilities of the SEC enforcement staff and a record number of enforcement actions being filed by the SEC. For the fiscal year ending September 30, 2011, the SEC filed a record 735 enforcement actions, which resulted in more than $2.8 billion in penalties and disgorgement. These cases target all types of securities law violations, including financial fraud and insider trading by directors and officers. Not only is the number of proceedings increasing, the SEC’s success rate in the proceedings which are filed is remarkably high. For each of the last several years, the SEC has successfully resolved in its favor more than 90% of all proceedings filed. In other words, the SEC is now a well-funded, aggressive and formidable opponent for any director or officer who is targeted by the SEC. The D&O Report Issue No. 76 March 2012 acebermuda.com