New York Litigation Attorney Stuart Slotnick Quoted on the SEC's New DOJ Tactics in Law360 Article

Stuart P. Slotnick, managing shareholder of Buchanan Ingersoll & Rooney's New York office and vice chair of the firm's Business Litigation and Trial Practice group, was quoted in a September 28, 2010, article published by Law360. The article, titled "Ex-Prosecutors Bring DOJ Tactics With Them To SEC," discussed how many lawyers believe that the "former federal prosecutors who now lead the U.S. Securities and Exchange Commission's Enforcement Division have brought many of the tactics of the Department of Justice to the agency, allowing it to become more aggressive and respond more quickly to wrongdoing."

As reported in the article, "The changes aren't entirely surprising since so many of the division's leaders are former federal prosecutors. Enforcement director Robert Khuzami, deputy director Lorin Reisner, New York regional director George Canellos, Miami regional director Eric Bustillo and chief litigation counsel Matthew Martens all spent years working for the DOJ as assistant U.S. attorneys. … While it's not unusual for the SEC to hire former federal prosecutors, defense attorneys said they could not remember a time when so many Enforcement Division leaders were DOJ alumni."

Slotnick weighed in on the changes, saying these shifts in the division had put attorneys on high alert. "We are waiting to see more aggressive prosecutions and to see the tools of federal prosecutors being implemented in SEC actions," he said.