According to Chairwoman Mary Schapiro, the case against Goldman Sachs was just the tip of the S.E.C.’s enforcement iceberg.  The following article quotes Chairwoman Schapiro telling reporters that investors have not seen the bulk of cases brought by the S.E.C. and that the S.E.C. has investigations “in the pipeline across products, across institutions”.  While not surprising in light of the recent extensive financial and regulatory reform signed by President Obama on July 21st, Chairwoman Schapiro’s comments are confirmation that the S.E.C. will continue to seek accountability for the 2008 disruptions in the financial and real estate markets.
 

 http://www.starnewsonline.com/article/20100721/ZNYT01/7213011/-1/search10?Title=S-E-C-Pursuing-More-Cases-Tied-to-Financial-Crisis

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Categories: Securities Litigation

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