On Sept. 30, the Securities and Exchange Commission filed an administrative order that banned [Massimo] Martinucci from the securities industry for life. SEC officials filed 21 additional enforcement actions on the same day—the last one of fiscal 2013.
For all of September, the SEC launched 128 administrative proceedings, up 86% from 69 such cases in the same month a year earlier, according to a tally by The Wall Street Journal. The late surge pushed the agency’s enforcement-case total for the most recent fiscal year to slightly fewer than 700, said people familiar with the matter.
‘Enforcement 40’ for 2020
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