Jenner & Block

Client Advisory: SEC Clarifies Views On Corporate Penalties

On January 4, 2006, in the interest of providing clarity, consistency, and predictability in explaining the way that its corporate penalty authority will be exercised, the Commission issued a statement announcing two settled actions against registrants, McAfee, Inc. and Applix, Inc., and describing with particularity the framework for its penalty determinations in those cases and to be used in future cases.