Three former SEC legal advisers: Enforcement priorities have changed since Paul Atkins took office, but will not completely deviate
Internet reported that Paul Atkins, the new chairman of the U.S. Securities and Exchange Commission (SEC), was sworn in last week. Experts said that the SEC's rule-setting agenda may face major changes, but Atkins has a tough stance on enforcement. Three former SEC general counsel believe that the focus of law enforcement has changed since he took office, but it will not completely deviate. Melissa Hodgman, a partner at Fulder Law Firm and a former senior enforcement official at the SEC, predicts that under Atkins, the SEC will not relax in enforcement, with fraud (including accounting and information disclosure fraud) and insider trading as the focus. Regulators can use social media and AI to efficiently track insider trading, and law enforcement teams will pay close attention. Robert Stebbins, former general counsel, said that law enforcement will return to the focus of Jay Clayton's tenure, focusing on the "mass market" or individual investors, and that the Foreign Corrupt Practices Act will not be enforced this time. Both Dan Berkovitz and Megan Barbaro, general counsel under Gary Gensler, said that the SEC will pay more attention to cases that actually harm investors, reduce corporate fines, reduce procedural violations and focus on fraud. Former chairman Gary Gensler has been widely criticized for his rule-making agenda, and three former lead attorneys expect Atkins to address cryptocurrency regulatory challenges while expanding private market access and raising the threshold for qualified investors.
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