The SEC gets another wrist slap for its weak enforcement actions, in connection to a proposed...

|By:, SA News Editor

The SEC gets another wrist slap for its weak enforcement actions, in connection to a proposed settlement with Koss Corp. (KOSS) over alleged accounting fraud. District Judge Rudolph Randa said the SEC was "vague" and failed to prove penalties against the former CEO were fair, and cited Judge Jed Rakoff's Citi ruling last month.