Penalties levied by the Securities and Exchange Commission dropped to a four-year low during the latest fiscal year, showing how a more friendly tone from regulators and the transition of political power can yield relief for Wall Street.
Total penalties ordered through SEC enforcement actions fell 15.5% last year to about $3.5 billion, the lowest total since 2013, according to figures prepared by Georgetown University law professor Urska Velikonja. The total number of cases declined 17%, and was the lowest since at least 2013, according to Ms. Velikonja’s research.
‘Enforcement 40’ for 2020
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