SEC Enforcement Division issues report on priorities and FY 2017 results

Written on Nov 20, 2017

The SEC’s Enforcement Division has issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during FY 2017.

Five core principles will guide SEC enforcement decision-making:

  • Focus on the Main Street investor
  • Focus on individual accountability
  • Keep pace with technological change
  • Impose sanctions that most effectively further enforcement goals
  • Constantly assess the allocation of resources

According to the report, fiscal year 2017 was a successful and impactful year for the Enforcement Division. The Commission brought a diverse mix of 754 enforcement actions, including 446 standalone actions and returned a record $1.07 billion to harmed investors. A significant number of the Commission’s 446 standalone cases concerned investment advisory issues, securities offerings, and issuer reporting/accounting and auditing, each comprising approximately 20% of the overall number of standalone actions. The Commission also continued to bring actions relating to market manipulation, insider trading, and broker-dealers, with each comprising approximately 10% of the overall number of standalone actions, as well as other areas.

And, it obtained judgments and orders totaling more than $3.789 billion in disgorgement and penalties.

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