11.14.23

SEC Enforcement Collected Nearly $5 Billion in Financial Remedies Last Year

by: Chris Prentice

The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, collecting $4.95 billion in penalties and other financial remedies, the agency announced. The total was the second-highest in SEC history, following last year's record of $6.4 billion, including both disgorgement and interest in addition to civil penalties. The figures underscore how the agency has sought to more aggressively police violations and misconduct under current leadership.

Read the full article on Reuters