{"id":4698,"date":"2009-01-02T17:24:34","date_gmt":"2009-01-02T17:24:34","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/01\/number_of_federal_securities_f"},"modified":"2022-03-30T10:12:09","modified_gmt":"2022-03-30T15:12:09","slug":"number-of-federal-securities-f","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/number-of-federal-securities-f\/","title":{"rendered":"Number of Federal Securities Fraud Cases Prosecuted Drop Significantly"},"content":{"rendered":"

A recent New York Times article reports that according to new data, federal officials are prosecuting far fewer cases involving fraudulent stock scams<\/a> than they did in 2000 before the Bush Administration came into office. According to financial and legal experts, less strict enforcement polices, Securities and Exchange Commission staff cutbacks, and a greater focus on fighting terrorism have led to the federal government’s laxer policing efforts when it comes to pursuing securities fraud cases.<\/p>\n

The new information, based on Justice Department information and put together by a Syracuse University research group, says that there haven’t been so few securities fraud prosecutions in a year since 1991. Also:<\/p>\n

\u2022 During the first 11 months of the 2008 fiscal year, there were 133 securities fraud prosecutions-compare this to 2002 when there were 513 prosecutions, spurred by the WorldCom and Enron scandals, and 2000 when there were 437 prosecutions for this same time period.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A recent New York Times article reports that according to new data, federal officials are prosecuting far fewer cases involving fraudulent stock scams than they did in 2000 before the Bush Administration came into office. According to financial and legal experts, less strict enforcement polices, Securities and Exchange Commission staff cutbacks, and a greater focus […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3760,3741],"tags":[],"class_list":["post-4698","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nNumber of Federal Securities Fraud Cases Prosecuted Drop Significantly — Investor Lawyers Blog — January 2, 2009<\/title>\n<meta name=\"description\" content=\"A recent New York Times article reports that according to new data, federal officials are prosecuting far fewer cases involving fraudulent stock scams — January 2, 2009\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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