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Rod Rosenstein Signals Era of Big Corporate Penalties Is Ending

  • Enforcers shouldn’t be ‘piling on,’ deputy A.G. tells lawyers
  • DoJ policy may credit firms for fines paid to other agencies
Views Of Wall Street As U.S. Stocks Slip

Photographer: John Taggart/Bloomberg

Deputy Attorney General Rod Rosenstein thinks some companies are overpaying for their crimes, and he wants that to stop.

Rosenstein, in a speech Wednesday in New York, said companies in highly regulated industries such as banking were too often assessed multiple fines by various agencies and governments for the same misconduct. While large fines are sometimes warranted, Rosenstein said, they shouldn’t be the result of “piling on” by several enforcement authorities.