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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One response to “SEC Pads Enforcement Tally With Easy Prey – WSJ.com”
Surprised to see the most arrogant (at least since Cutler) former enforcement director changing his tune (talking about Khuzami here). Guess he needs to suck up to the dark side these days.
Fiscal 2014 will be a different creature with respect to quality over quantity. Stay tuned. Regional offices playing the stats game are hereby placed on notice.