By Stuart Gittleman
NEW YORK, June 26 (Thomson Reuters Accelus) – Two court rulings last week may raise the enforcement burden for the financial services industry and its regulators.
A Brooklyn federal judge suggested that for regulatory targets of the Securities and Exchange Commission, forcing the agency to take them to court could end up costing less than settling before litigation is begun, depending on legal fees and other considerations, because its ability to seek compensation in court is limited.And a Supreme Court ruling may make investigating potential violations more expensive and time-consuming for prosecutors and agency lawyers as well as criminal and regulatory defense counsel and may also cut the number of jury trials.