SEC enforcement cases stymied by conflicts of interest

02/5/2013 | Wall Street Journal, The

The Securities and Exchange Commission is finding it tougher to enforce its rules as its commissioners recuse themselves from many decisions because of conflicts of interest. An analysis found at least 20 companies regarding which one or more SEC commissioners can't cast votes, and that number is likely to increase as the Dodd-Frank Act expands the body's regulatory scope. Enforcement decisions made by a reduced panel of commissioners face greater criticism from judges and defendants, experts say.

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Wall Street Journal, The

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