Tag: Fines

Under Biden Administration, Wall Street Watchdog’s Fines Surge – WSJ

Wall Street’s top watchdog this year collected some of its highest fines ever from firms accused of wrongdoing, underscoring the Biden administration’s tougher regulatory stance. The Securities and Exchange Commission imposed 13 fines greater than $100 million on public companies during its latest fiscal year that ended Sept. 30, up from the prior year’s three cases at that level. In…

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Some Securities Fraudsters Escape Paying SEC Fines – WSJ

Wall Street watchdogs often tout the fines they levy on alleged wrongdoers. Yet much of that money is never collected. The Securities and Exchange Commission over the five years ending in 2018 took in 55% of the $20 billion in enforcement fines set through settlements or court judgments, according to agency statistics. During the prior five years, from 2009 through…

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