SEC Announces Enforcement Results for FY 2013

The SEC announced that its enforcement actions in the fiscal year 2013 resulted in a record $3.4 billion in monetary sanctions ordered against wrongdoers from the 686 enforcement actions it filed. In addition, the SEC spelled out new initiatives for the upcoming year, including:

• new task forces - including the Financial Reporting and Audit Task Force and the Microcap Task Force;
• consolidated short-selling charges (the SEC stated that it will continue to conduct streamlined investigations to crack down on Reg. M violations); and
• technology improvements - including forming a Center for Risk and Quantitative Analysis, which will improve the capabilities for forensics analytics and for reviewing and analyzing high volumes of electronic documents.

See: SEC Press Release; Year-by-Year Monetary Sanctions from Enforcement Actions; Year-by-Year Enforcement Statistics.