Sector Regulation Sector Regulation

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 of factors to

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