Financial Services Financial Services

US SEC commissioner seeks to upend longstanding policy on corporate fines

By Neil Roland
  • 03 Sep 2021 17:00
  • 03 Sep 2021 17:00
US Securities and Exchange Commission member Caroline Crenshaw seized on what she called Kraft Heinz’s confusing statements leading up to its $62 million fine today to seek a reversal in the regulator’s established approach to penalizing company misconduct.
A unanimous, non-binding 2006 statement by the commission called for a host

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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