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Haima Marie spoke Regulatory Compliance WatchOn how the Securities and Exchange Commission (SEC) appears to be driving more defendants to lawsuits for enforcement actions rather than settlements.
Haima said he doesn’t have immediate access to the SEC’s litigation files at the time of the lawsuit, but he does have a list of all the names that could support the SEC’s allegations, and perhaps a chart of all the documents the committee uses. Available. Armed with this information, she added, “you can immediately know who they’re talking to.”
Another advantage of litigation is that it provides disclosure information that helps clients “understand why the solution is in their best interest.” Also, after taking a deposition, he can go back to the SEC and seek settlement in a stronger or weaker position.
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Because this update is general, the information contained herein may not apply to all situations and should not be acted upon without specific legal advice based on your particular situation.
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