Applying a phrase from street cop law enforcement, a “broken window” policy, the SEC’s new enforcement zeal for what were considered minor infractions sends a signal which companies need to heed or suffer the consequences.
The SEC now has tools to enable it to identify and pursue a range of issues as described in a recent post on this site (click here).
This has resulted in enforcement actions against companies, board members and executives for:
Failure to heed the message risks you and your firm becoming the next example.
Winston Strawn, the law firm, produced a podcast and slide deck on the SEC’s “broken windows” policy which is worth the review (click here).