Philadelphia partner Mary Hansen was quoted in a Reuters article titled “SEC’s Focus on U.S. Corporate Bosses Pays off with Musk Settlement.” She commented on the SEC’s recent concentration on executives as well as companies when it comes to alleged securities violations.

Mary notes that SEC chairman Jay Clayton “... is focused on holding individuals liable and not just corporate entities,” as evidenced by the agency’s recent settlement with Tesla Inc. CEO Elon Musk. She also commented on the increased public interest in securities law enforcement, saying, “[t]he public wants to see our law enforcement, whether it be civil or criminal, hold those individuals responsible. That’s what is driving this focus on individual liability.”

Source: Reuters