SEC Commissioner Hester Peirce defended her voting record May 11 after a news report detailed her proclivity for saying no when considering her agency’s enforcement actions.
The Republican in remarks prepared for a conference in Denver elaborated on her concerns about corporate penalties hurting investors, wasting the Securities and Exchange Commission’s limited enforcement resources, and setting new legal precedents through settlements.
The speech, titled “The Why behind the No,” expanded on various comments she previously shared with Bloomberg Law.
Bloomberg Law reported May 7 that Peirce registered at least some opposition to cases the agency’s Division of Enforcement recommended the ...
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