2004-06-11

Norton, Rob. The SEC's Top Cop Is Watching You. Corporate Board Member Magazine. Special Legal Issue 2004.

: "Approximately how many companies and individual directors are currently under investigation? The Enforcement Division does not track the number of companies or directors currently under investigation. However, the commission has filed an increasing number of enforcement actions relating to financial fraud or reporting violations over the last several years. For example, in fiscal year 2003 the commission filed 199 such actions, up from 103 in fiscal year 2000. Moreover, in the first half of the current fiscal year the Enforcement Division opened approximately 125 new investigations relating to potential financial fraud or reporting violations. Such matters continue to be among the commission�s highest enforcement priorities."