The U.S Securities and Exchange Commission (SEC) often picks its top cop from the ranks of Wall Street’s best defense lawyers. Since taking over as the Wall Street watchdog, former state prosecutor Gurbir Grewal has signaled that higher fines for wrongdoing are on the horizon, along with efforts to remove more malefactors from Wall Street jobs.
“We can’t arrest them,” Grewal said in an interview with the Wall Street Journal. “We can get them out of the industry.”
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