The Securities and Exchange Commission’s Enforcement Division on Nov. 2 issued its annual report, highlighting the Division’s activities in fiscal year 2018 from both a qualitative and quantitative perspective. But focusing on enforcement numbers and penalty amounts alone is meaningless, SEC Commissioner Hester Peirce said in recent remarks.
“The current Commission is not humming happily about heaping up penalties or belting out bad ballads about burgeoning enforcement statistics,” Peirce said in her remarks at the 26th Annual Securities Litigation and Regulatory Enforcement Seminar on Oct. 26. To Chairman Jay Clayton’s credit, she said, “the SEC is now focused on a meaningful enforcement agenda that focuses on the quality and not quantity of cases.”
via Commissioner Peirce: the meaningless of enforcement numbers and penalty amounts | Compliance Week.
