No financial services firm or professional welcomes an investigation by a regulator, let alone enforcement action. Each investigation proceeds differently, depending on the target of the investigation, the subject matter, and the regulator involved. Indeed, there are rarely clear answers to the questions: “How long will this take?” or “What
The SEC and FCA: A pond, 362 investigations, and $4 billion in penalties apart
Statistics published by the SEC and FCA allow comparison of US and UK regulatory enforcement trends.