A Question About the SEC's Litigation Releases
Why is that when the SEC wins a litigated case it issues a Litigation Release about the victory and posts it on its website (see this example), but when the SEC loses a case (like this one yesterday against Richard "Bulletproof" Scrushy)... nothing?
I think that question raises another interesting question: What is the purpose of the SEC's Litigation Releases and of the Litigation Release page of the SEC's website? Are they supposed to be informational? If so, then you would think that all court decisions, both favorable and unfavorable, would be posted.
Or are they intended to be promotional for the SEC's Enforcement program? If so, then perhaps the SEC should make it clear on the website that its lengthy list of Litigation Releases is not a complete list and add something to the effect that "The Litigation Releases listed below are limited to cases with outcomes deemed favorable to the SEC."
| Permalink | Print Article | Back To Top |











TrackBack
TrackBack URL for this entry:
http://blog.riskmetrics.com/cgi-bin/mt-tb.cgi/617