I just want to go back on an exchange you had a moment ago because you suggested--you seemed to suggest that the reduction in civil penalties and other things from an enforcement standpoint at the Federal level has maybe been replaced by States being more aggressive on that front.
John Sarbanes: “I just want to go back on an exchange you had a moment ago because you suggested--you seemed to suggest that the…”
Editor's note · Context
Sarbanes questions the effectiveness of state enforcement replacing federal penalties.
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