The speech by SEC Enforcement Director Gurbir Grewal spurred a backlash among defense lawyers who claim that the SEC is often the cause for delay in securities investigations.
June 15, 2022 at 05:51 PM
6 minute read
The U.S. Securities and Exchange Commission’s enforcement director ruffled feathers recently when he delivered a stark message to an audience of white-collar defense lawyers: You are needlessly delaying cases.
Gurbir Grewal said defense lawyers are contributing to an erosion of public trust in the markets and in government by, in some cases, making it difficult for the SEC to quickly pursue accountability for corporate misconduct.
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Gurbir Grewal, U.S. Securities and Exchange Commission enforcement director. (Photo: Carmen Natale/ALM)
