Re:SEC Charges Former CEO of Jumio Inc. with Defrauding Inve...
by dragonwriter on Tuesday April 02, 2019 @05:21PM
(#19558711)
> The SEC enforcement arm doesn't have much outside of debarment and fines.
The heavy lifting is done by criminal referral to DOJ; other federal agencies don't get to do criminal prosecution even when they are the frontline enforcement agency for a law with criminal penalties.
Criminal referrals tend to be slower than SEC civil enforcement action (especially settlements), so if they happen behind the scenes, you won't necessarily know about them until later.
The heavy lifting is done by criminal referral to DOJ; other federal agencies don't get to do criminal prosecution even when they are the frontline enforcement agency for a law with criminal penalties.
Criminal referrals tend to be slower than SEC civil enforcement action (especially settlements), so if they happen behind the scenes, you won't necessarily know about them until later.