The Securities and Exchange Commission is still policing wrongdoers, even if the volume of its enforcement actions and dollar amount of its fines drop this year, Stephanie Avakian said Thursday in remarks prepared for a conference in Dallas. The SEC rejects the premise “that numbers—standing alone —can adequately measure the success or impact of an enforcement program,” said Ms. Avakian, the SEC’s co-director of enforcement.
“Any assessment that suggests our effectiveness should be measured solely based on the number of cases we bring over any particular period of time is misguided,” Ms. Avakian said, according to a copy of her speech.
‘Enforcement 40’ for 2020
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