Big Law

SEC Enforcement Activity Up From Last Year

Enforcement activity by the U.S. Securities and Exchange Commission in fiscal 2019 resulted in $4.3 billion in fines and disgorgements, up from $3.9 billion a year earlier, the regulator said on Wednesday.

Those fines and disgorgements – or the return of ill-gotten gains – came through 862 enforcement actions, up from 821 in 2018. That is the second-highest level ever, after a record 868 actions taken in 2016, and the highest number of cases and largest amount collected under SEC Chairman Jay Clayton, who took the reins in 2017.

The SEC returned $1.2 billion to harmed investors, barred or suspended nearly 600 people from securities markets, and suspended trading in 271 companies, it said in an annual enforcement report.


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