Форум

Another manner that we work to address the declining trust within the financial markets is by
conducting proactive enforcement sweeps and initiatives
that particularly target recurring points. Throughout my first year as Director, I
have spoken often concerning the public’s declining belief in our institutions and
financial markets. In those speeches, I also
outlined steps that we in the SEC’s Division of Enforcement would take,
and have taken, to deal with the decline in public belief. Because
that’s what’s required for accountability and deterrence and
that’s why the Commission required EY to pay a document
$one hundred million penalty, admit its misconduct, and implement in depth remedial
measures to address the firm’s moral points.
When 17 main Wall Street firms are fined in excess of a 1.2 billion dollars, required to
admit their failures, engage consultants and implement safeguards to prevent future violations, not only do
these corporations enhance their tradition and practices, but different
monetary companies companies take note and do in order nicely,
the media takes notice, and important to trust-building,
the investing public sees accountability. For instance, we’ve already mentioned the
sweep that led to the costs against 17 Wall Street corporations
for widespread recordkeeping failures.