10.25.23

SEC Enforcement Penalties Fell in FY2023 Even as Industry Bars Rose

by: Chris Prentice

The U.S. Securities and Exchange Commission (SEC) imposed $5 billion in penalties through enforcement actions in fiscal 2023, according to Chair Gary Gensler. Total penalties and other fees levied in the fiscal year that ran through September were down from a record of $6.4 billion| in 2022, according to Gensler's remarks prepared for an industry event. Total actions rose to 780 from about 700 a year earlier.

Read the full article on Reuters