SEC filed record number of enforcement actions in fiscal year 2014
With the help of new investigative approaches—and data and analytical tools—the SEC filed a record 755 enforcement actions totaling $4.16 billion in disgorgement and penalties in fiscal year 2014, the securities regulator announced Thursday.
The totals for the 2014 fiscal year, which ended in September, are preliminary figures. The SEC filed 686 enforcement actions totaling $3.4 billion in fiscal year 2013, and 734 enforcement actions totaling $3.1 billion in fiscal year 2012.
More than 135 parties were charged with violations relating to reporting and disclosure in fiscal year 2014. First-ever actions filed by the SEC in fiscal year 2014 included actions involving the market access rule and the “pay-to-play” rule for investment advisers; an emergency action to halt a municipal bond fund offering; and an action for whistleblower retaliation. Read more on the Journal of Accountancy.