Author: | Published: 1 Feb 2005

The Securities and Exchange Commission has endured a difficult few years. Criticized at home for what some claimed was a failure to prevent corporate scandals such as Enron, it has also faced challenges from activist state attorneys-general and been blamed for what others see as over-regulation. Abroad, corporates continue to lobby against what is perceived as US regulatory overreach.

Despite criticisms, the Commission continues to occupy an unrivalled position at the...