Takeaways from the SEC Division of Enforcement’s FY 2021 Report and Predictions for FY 2022 | Patterson Belknap Webb & Tyler LLP 

The report revealed mixed numerical trends.  Although the Division brought fewer total enforcement actions, it nevertheless collected a sizeable amount of money in penalties and generously rewarded whistleblowers.  In FY 2021, the Commission filed 434 new enforcement actions of 697 total enforcement actions.  New enforcement actions increased by 7% from FY 2020, but the total number of enforcement actions decreased by 3%.  In fact, the addendum indicates that FY 2021 brought about the lowest number of total enforcement actions in the past five years.  Additionally, while judgments and orders for disgorgements decreased by 33% to $2.4 billion, penalties increased by the same percentage to $1.4 billion.

Source: Takeaways from the SEC Division of Enforcement’s FY 2021 Report and Predictions for FY 2022 | Patterson Belknap Webb & Tyler LLP – JDSupra