To elaborate on the “results speak for themselves” point, I would like to summarize some recent statistics I shared with our staff.
Starting with the Division of Enforcement, the Commission brought over 700 actions in FY 20, a significant percentage of which were brought after March 15. The Commission obtained financial remedies of more than $4 billion; an amount above that of last year. The Division’s activities during the pandemic have included three dozen trading suspensions, six COVID-related fraud actions, and over 150 newly opened COVID-related investigations and inquiries. What’s more, the Commission awarded a record 39 individual whistleblowers approximately $175 million — more, much more, than in any prior fiscal year.
‘Enforcement 40’ for 2020
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