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ACA Compliance Group Quotes Investment Management Counsel on SEC on Enforcement in 2015

Practices: Investment Management

Mary Jo White’s “broken windows” philosophy is one reason for the 2015 record set by the SEC on enforcement, investment management counsel David Tittsworth (Washington, D.C.) indicated in ACA Compliance Group’s weekly newsletter, ACA Insight. The establishment of the Division’s Asset Management Unit in 2009 under Mary Shapiro has also led to the increased enforcement of both large and small asset managers, Mr. Tittsworth added. In his extensive quotes, Mr. Tittsworth concludes that aggressive enforcement under Chairwoman White will likely continue, despite resistance from previous commissioners—something asset management firms of all types and sizes “need to be very mindful of”.

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