The SEC is ramping up its enforcement. The Division of Enforcement has established new groups that will concentrate on specific parts of the market. This more narrow scrutiny will focus primarily on mutual funds/assets under management. The SEC believes that this specialized enforcement will serve to reduce and contain risks within investment management. Fund companies can expect fines and penalties to increase. In the past the SEC has been a reactionary institution. The idea is that these new enforcement groups will do a better job of anticipating problems and investigating cases before investors are harmed. For countless investors who have suffered significant losses, proactive enforcement cannot come soon enough.