Jenner & Block

Client Alert: “Negligent” Officers In Sec Target Zone

In a recent speech, new SEC Chair Mary Jo White, the former top prosecutor in New York, proclaimed that the SEC will be focusing its enforcement efforts on individuals, as opposed to institutions, even when the SEC can prove at most negligent, not fraudulent, conduct.  Jenner & Block Partners Larry Ellsworth and Tom Newkirk make the point that now more than ever, individuals and companies alike must be prepared to actually go to trial, if the SEC demands unreasonable admissions, penalties or bars from continued employment.