Conflicts of interest at the top stymie SEC prosecution

02/5/2013 | Wall Street Journal, The

For the Securities and Exchange Commission to prosecute a case, three out of five commissioners must agree. As more commissioners recuse themselves from cases, those votes get harder to come by. Analysts say cases involving more than 20 companies affect at least one commissioner, and that number is likely to rise as the Dodd-Frank Act increases the SEC's regulatory scope.

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