When the Investigation Becomes the Punishment

The public hears about enforcement actions when cases are announced. Founders experience them much earlier. The real moment begins when the investigation starts. I recently spoke with Nick Morgan, former SEC trial counsel and founder of the Investor Choice Advocates Network. One insight from our conversation stood out. Most people assume that if the government investigates someone, wrongdoing must have occurred. In reality, the investigation itself can destroy a business before a court ever hears the facts. Markets need enforcement, but enforcement must still respect due process. Nick is taking these conversations across the country, discussing investor choice and the future of capital markets. If he comes through your city, connect with him.