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ARTICLE · 31 MARCH 2010

SEC's New Individual Cooperation Program Could Have Significant Ramifications for Companies

McDermott Will & Emery
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In light of this new program, companies need to establish a culture and procedures that encourage employees to report internally potential wrongdoing.

United StatesFinance and Banking
Fredric Firestone
Fredric Firestone
Michael Ungar
Michael Ungar
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In light of this new program, companies need to establish a culture and procedures that encourage employees to report internally potential wrongdoing.

Recently, the U.S. Securities and Exchange Commission (SEC) announced a new, and potentially powerful, tool in its enforcement program that may have significant ramifications for companies. For the first time in the SEC's history, the Division of Enforcement is authorized to further SEC investigations and enforcement actions by using tools similar to those routinely used by federal prosecutors. In light of this new program, companies need to establish a culture and procedures that encourage employees to report internally potential wrongdoing.

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