In an era described as possessing a climate of “hyper-aggressive enforcement”, companies are being advised to adopt proactive measures and offer high responsiveness to investigators, as a strategy to manage increasing regulatory risks. This advice was given during a recent panel at ALM Global’s General Counsel East in New York City. ALM Global reports.
The discussion highlighted changes within administrative attitudes that extend beyond historical precedents, with Kelly Gibson, a partner at Morgan, Lewis & Bockius, noting an aggressive stance where the penalties assessed by the Securities and Exchange Commission (SEC) are considerably higher than they have been in the past.
Additionally, Eduardo Santiago-Acevedo, Vice President and Senior Counsel of Regulatory Law at Prudential Financial, reiterated that current regulatory agencies are aligning with administrative policies that emphasise stringent regulation and enforcement of the law.
These changing contexts underline the importance of companies remaining prepared and diligent, by closely monitoring the evolving regulatory landscape while establishing comprehensive strategies to effectively address potential regulatory risks.