SEC Brings Over 800 Enforcement Actions in FY2015

October 26th, 2015

With the 2015 Fiscal Year (FY) now closed, the Securities and Exchange Commission (SEC) published its tally of enforcement actions.  Over the past year, the agency brought an incredible 807 enforcement actions covering a “wide range of misconduct.”  The SEC highlighted the “significant number of high-impact and first-of-their kind actions” initiated this year, resulting in administrative or federal court proceedings, criminal convictions, civil injunctions and other orders.

Enforcement actions were concentrated around financial reporting, holding “gatekeepers” accountable, trader misconduct, investment adviser misconduct, market manipulation, the Foreign Corrupt Practices Act (FCPA), and whistleblower protections.  SEC enforcement actions have been on the rise in recent years.  Total actions reached 676 and 755 in 2013 and 2014 respectively.  Disgorgement and penalties are also increasing, from $3.4 billion in 2013, to $4.16 billion in 2014, and $4.19 billion this past year.

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