Tag: Statistics

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 in assessing the work of…

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SEC Says Don’t Judge Its Enforcement Strength Solely on Volume of Cases, Fines – WSJ

The Securities and Exchange Commission is still policing wrongdoers, even if the volume of its enforcement actions and dollar amount of its fines drop this year, Stephanie Avakian said Thursday in remarks prepared for a conference in Dallas. The SEC rejects the premise “that numbers—standing alone —can adequately measure the success or impact of an enforcement program,” said Ms. Avakian,…

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Wall Street’s Top Cop Chases Loose Change – Bloomberg

But 13 months in, Clayton’s SEC appears to be giving quality short shrift, at least as measured by the settlements it is reaching. According to a recent, previously unreported study conducted by Urska Velikonja, a professor of law at Georgetown University, the SEC’s monetary punishments plunged 93 percent in the period from October 2017 to March 2018 — the first half of the SEC’s 2018…

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SEC Fiscal Year Enforcement Statistics Reflect an Agency in Transition | The D&O Diary

On November 15, 2017, when the SEC Enforcement Division released its annual report detailing its enforcement activity during the preceding fiscal year, the report included a statement by the division’s co-directors detailing the division’s priorities for the coming year. As detailed below, the enforcement statistics in the report clearly reflect an agency in transition. The changes under the new administration…

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You Need to Know This: YTD Securities Class Action Lawsuit Filings are Off the Charts | The D&O Diary

Securities class action lawsuit filings have been going crazy. Securities suit filings during the first quarter 2017 set a pace that if continued would mean an unprecedented number of securities lawsuit by year end. But even more significant than the sheer number of lawsuits is the rate of litigation. The percentage of listed companies sued in the first quarter, if…

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