SEC Division of Enforcement Announces Significant Updates to Enforcement Manual

In various fora, Securities and Exchange Commission Chairman Paul Atkins and Enforcement Director Judge Margaret A. Ryan have pledged to revamp critical parts of the Commission’s enforcement process to make it more fair, transparent, and efficient. Chairman Atkins has stated that the SEC’s enforcement program “must be tempered by fair process, good judgement, and integrity,” and its success “depends substantially on the confidence of investors, market participants, and the regulated and legal... By: McGuireWoods LLP