Dodd-Frank Financial Reform Legislation Contains Many Little-Noticed Provisions that Enhance SEC Enforcement Powers
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"). Many provisions of this legislation have been widely discussed and have been the subject of intense public debate. Less attention has been paid to a host of provisions that significantly enhance SEC enforcement powers. These changes include enhanced whistleblower provisions, clarification of the SEC's authority to bring cases against control persons at unregulated companies, and enhanced authority against individuals for aiding and abetting. Dodd-Frank's enhancements to the SEC's enforcement powers will likely mean increased enforcement attention for individuals including senior officers at public companies and investment advisers.
Please join us for an in depth webinar to provide additional details about these changes.