SEC May Hold More People Accountable For Financial Crisis: ReportQuicklink submitted by Amanda Lang Permalink
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|The Securities and Exchange Commission (SEC) could charge more people and financial institutions for negligence in the lead-up to the financial crisis, The Wall Street Journal reported. The turn to negligence marks a shift from the SEC's typical strategy of pursuing charges of wrongdoing or recklessness, which are harder to prove, according to the WSJ. The change means the SEC could charge far more people and financial institutions involved in the financial crisis. The SEC has filed civil charges against more than 70 people and financial institutions since the beginning of the financial crisis, and it's won more than $1.5 billion in penalties and repayments to investors so far, according to the WSJ|
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