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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC kicks enforcement into overdrive in 2022 | Pensions & Investments
Gurbir S. Grewal, director of the enforcement division, in a speech at the Securities Enforcement Forum on Nov. 15, noted that in the five fiscal years prior to 2022, the commission ordered more than twice as much in disgorgement as it did in penalties. “To me, that ratio is backwards because it means, on a […]
SEC Announces Enforcement Results for FY22
The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who were allegedly delinquent in making required filings […]
U.S. SEC levied $6.4 bln from enforcement in fiscal 2022 -chair | Reuters
The U.S. Securities and Exchange Commission (SEC) levied $6.4 billion in enforcement actions, including $4 billion in penalties, in fiscal 2022, the agency’s chair Gary Gensler said on Wednesday. The large number of fines, fees and penalties from about 700 enforcement actions marks a record and underscores the Wall Street regulator’s more aggressive stance against […]
An Update on FY 2020 Results – Remarks at SEC Speaks
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 […]
SEC Public Company Enforcement Actions Highest in Ten Years | The D&O Diary
Due to an increase in the number of enforcement actions resulting from an agency initiative during the year, the number of enforcement actions brought by the SEC against public companies was at the highest level in at least ten years, according to a recent report. The report, entitled “SEC Enforcement Activity: Public Companies and Subsidiaries […]
SEC Official Tempers Enforcement Expectations, Warns on Quotas
The Securities and Exchange Commission is still compiling official statistics, but its volume of enforcement actions over the past 12 months shouldn’t be much different from prior fiscal years, said Steven Peikin, co-director of the agency’s Enforcement Division. The SEC typically releases its own enforcement data in the weeks after the fiscal year ends Sept. […]
SEC Enforcement By the Numbers – SEC ACTIONS
The merits of the SEC Enforcement program cannot be assessed by numbers and statistics chronicling events like how many cases were filed or the total amount of dollars ordered in judgments. At least that is the claim frequently repeated by the agency and the Division of Enforcement. Yet various sources publish numbers about Division of […]
U.S. SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018 | Reuters
The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday. The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and […]
Remedies and Relief in SEC Enforcement Actions
Many of those who closely follow the work of the Enforcement Division tend to evaluate its effectiveness based on metrics such as the number of enforcement actions the Commission brings each year and the total amount of penalties and disgorgement ordered by the Commission or federal district courts. These quantitative metrics are of some value […]
SEC closes out fiscal year with 27 charges
The Securities and Exchange Commission announced 27 charges against companies and individuals — likely the biggest single day of enforcement actions for the year, by volume, according to a review of SEC actions. via SEC closes out fiscal year with 27 charges.