Senator Asks SEC to Release FY 2025 Enforcement Data

Senate Banking Committee Ranking Member Elizabeth Warren asked SEC Chair Paul Atkins to "promptly release" the agency’s Fiscal Year 2025 enforcement data.

In her letter, Senator Warren asked the SEC for (i) a full breakdown of FY 2025 enforcement results, including "stand-alone" actions and civil injunctions; (ii) data on financial remedies such as disgorgement and penalties; and (iii) direct confirmation of whether the agency has experienced a year-over-year decline in new actions.

Senator Warren referenced Mr. Atkins's testimony at a recent Senate Banking Committee hearing where he disputed public reports suggesting a sharp decline in SEC enforcement actions and told lawmakers the agency would "release our numbers." She noted that while the SEC typically publishes enforcement statistics by November of the same calendar year, the FY 2025 data had not yet been released. She also highlighted a report which indicated that enforcement actions against public companies fell by 30% in FY 2025, while monetary settlements reached their lowest level since 2012.

During the hearing, Mr. Atkins said the third-party statistics were "wrong." Senator Warren said the public is "entitled to see" whether the SEC’s data contradicts the statements Mr. Atkins made to Congress. She pressed him to identify exactly which data points he asserts are incorrect regarding reports of steep declines in cases involving investment advisers, broker-dealers, and issuer reporting.

Senator Warren requested a response by March 15, 2026.