In Open Water, one of last year's most successful independent films, two experienced divers are abandoned by the crew of a dive ship in shark-infested waters. They struggle throughout the
Lawyers Beware
In the first 3 months of 2005, the SEC filed 18 cases against lawyers. More are clearly coming. Just last month, SEC Chairman William Donaldson warned that the SEC is "firmly committed to both the rules governing attorney conduct, and to the principles that underlie them, and we will enforce them when violated." As if Donaldson's message were too oblique, the SEC's chief litigation counsel put it bluntly: the SEC "has made cases against lawyers a priority."
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