Protecting The Rich Or The Poor: The SEC Division Of Enforcement

September 18, 2013  |  The Insider: White Collar Defense and Securities Enforcement

Should the SEC devote more resources to supervising the activities of hedge funds in which sophisticated investors invest, or should it devote more resources to investment advisor fraud, where the victims are less able to fight back against wrongdoers?  What is the correct balance for the SEC’s use of its precious resources?

This very question was raised last week in a letter to SEC Chair Mary Jo White by Congressmen Jeb Hensarling (R-Tex) and Scott Garrett (R-NJ), acting respectively as Chairman of the House Committee on Financial Services and Chairman of the Subcommittee on Capital Markets and Government Sponsors Enterprises. […]

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