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Criminal Law

: SECLaw.com

What Next? Performance Fees for SEC Staffers?

By Mark H. Astarita, Esq.

Sen. Charles Schumer intends to propose legislation that would allow the SEC to keep any fines it levies against wrongdoers and to pocket the $1.5 billion in transaction and other fees it is expected to collect for the fiscal year that begins Oct 1, 2009. This is the first we are hearing of such a proposal, but it sounds like a huge potential problem for the Commission, and one that it does not

Full post as published by SECLaw.com on September 08, 2009 (boomark / email).

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