02.10.21 | Articles, Books & Journals

Congress’s Signing Bonus for Gensler: New Powers for His SEC

New York Law Journal

Not every incoming SEC Chair gets a welcome gift from Congress. While Wall Street has greeted Gary Gensler’s nomination with some trepidation, by contrast, as we describe in this article, “Congress’s Signing Bonus for Gensler: New Powers for His SEC,” legislators recently handed the SEC powerful new enforcement tools, in the form of longer statutes of limitations and new statutory disgorgement powers. Although defendants in SEC cases may challenge some applications of these new powers, the new law likely means a tougher road for those under SEC investigation as the Biden Administration takes charge in Washington.

Congress’s Signing Bonus for Gensler: New Powers for His SEC (PDF | 473.18 KB)