Friday, November 2, 2018

Securities Lawyer Blog: SEC Enforcement Division Issues Report on FY 2018

The SEC's Enforcement Division's annual "rah-rah" piece, where they pat themselves on the back for the great job they are doing, is out. The report also highlights several actions and initiatives that the SEC believes were significant.

No mention however, of the cases they brought and lost.

According to their press release the SEC brought  821 enforcement actions, including 490 standalone actions, and returned $794 million to harmed investors.

As usual, a significant number of the SEC’s standalone cases concerned investment advisory issues, securities offerings, and issuer reporting/accounting and auditing, collectively comprising approximately 63 percent of the overall number of standalone actions.

 The SEC also continued to bring actions relating to market manipulation, insider trading, and broker-dealer misconduct, with each comprising approximately 10 percent of the overall number of standalone actions, as well as other areas.

It claims to have obtained judgments and orders totaling more than $3.945 billion in disgorgement and penalties but no mention of how much of that was generated when a defendant failed to defend, or how much of tha was actually collected.


Securities Lawyer Blog: SEC Enforcement Division Issues Report on FY 2018 ...
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