Penalties and Sanctions for Securities Fraud: Remarks Before the American Economic Association

Chester S. Spatt, Mellon Bank Professor of Finance; currently serving as Chief Economist, SEC Business Readings

This was prepared to introduce a panel on "Penalties and Sanctions for Securities Fraud" at the American Economic Association meetings in Chicago on January 6, 2007. The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This presentation expresses the author's view and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

http://www.sec.gov/news/speech/2007/spch010607css.htm

Chester S.Spatt
Chief Economist and Director, Office of Economic Analysis
U. S. Securities and Exchange Commission
Washington, D.C.
December 12, 2006