In regular intervals, SEC Enforcement Director, Robert Khuzami as well as other agency officials, attend conventions and conferences, spouting off about the wonderful progress the SEC and other enforcement agencies have made over the preceeding year. 

In particular, the SEC has consistently defended its settlements before several courts despite the attacks it received from Judge Rakoff.  Further, the SEC changed to its neither admit nor deny policies regarding those who admit guilt in a parallel criminal proceeding, and SEC Enforcement officials defended the use of the obey-the-law injunctions because the SEC believes these injunctions acknowledge misconduct and provide a basis for further actions.  The SEC has also answered questions over the SEC’s non-prosecution or deferred prosecution agreements, and their relevance going forward. 

Finally, SEC Enforcement officials, among other things, mention that they believe the use of other divisions at the SEC, including, among others, its own specialized units as well as the Office of Compliance Inspection and Examinations, have, essentially, increased Enforcement’s ability to bring other cases.  In sum, its not surprising that the laudatory descriptions of the SEC Enforcement program offered by its officials will continue regardless of time, place, manner, or administration.  However, the results are more mixed than such a recitation would leave the reader.