Crime, Politics and Policy predicts there will be additional heads to roll in the Dreier fraud, involving other "partners" (lawyers) and employees of the Dreier firm.
The Miller guilty plea will be more grist for the SEC's detractors who already have accused it of gross incompetence (see the SEC's inspector general's report, also provided on this site in an earlier post from August 2009, which you can find on the right column). Now, if it wasn't open season before, it is now open season on the integrity of the staffers and attorneys who worked at the SEC.
What does the plaintiffs' bar think about all this? Maybe we'll hear real soon. Any minute now.