New SEC Individual Enforcement Policy Signaling Big Regulatory Shift?

Is a major shift in US regulatory deterrence and punishment for financial crime underway behind the scenes?

SEC sets its sights on individuals

With little fanfare, a new Securities and Exchange Commission (SEC) policy sets its enforcement sights on a new target: individuals. The Wall Street Journal is reporting that the agency is increasingly looking to hold individual compliance officers at hedge funds personally liable for the activities of the fund, according to Marc Elovitz, a partner at the law firm of Schulte Roth & Zabel LLP..

Holding individuals accountable for criminal activity in financial...