Like many other regulatory agencies during the last two months, the US Securities and Exchange Commission (SEC) has shifted its focus to rooting out fraud and misconduct related to the Covid-19 pandemic crisis, but investor protection and structure products remain at the top of the regulators agenda.
In a keynote address last week ( Securities Enforcement Forum West 2020 ), Steven Peikin (pictured) , co-director, division of enforcement, said that previous economic downturns proved that ‘stresses on the financial conditions of issuers may raise the risk to investors from financial statement and issuer disclosure frauds in two ways: exposing pre-existing accounting or disclosure improprieties, or leading issuers to engage in improper conduct’. As a result, structural risks such a
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