David M. Becker
90 Texas L. Rev. 1849

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In What More Can Be Done to Deter Violations of the Federal Securities Laws?, David Becker of Cleary Gottlieb Steen & Hamilton LLP and former General Counsel and Senior Policy Director of the U.S SEC discusses recent criticism of the SEC that focuses “on the severity of sanctions the SEC obtains in its settlements with wrongdoers.”  Becker argues that “severity does not guarantee efficacy.”  Becker “suggests that there is probably little to be gained from increasing sanctions and that the SEC probably would be better served by focusing its efforts on increasing the likelihood that certain violations are punished and by redoubling its efforts to move more quickly.”