According to a recent InvestmentNews article, the enforcement actions against broker-dealers by the Securities and Exchange Commission (SEC), were up by 20% in the first half of the government’s fiscal year and now account for a quarter of all enforcement actions by the agency. This is according to a report from Cornerstone Research. Last year, the SEC’s actions against broker-dealers accounted for one-fifth of the SEC’s enforcement activities. The SEC filed 334 enforcement actions during the fiscal year’s first half, down from 372 filings during the same period a year earlier, largely due to a 50% decrease in actions against delinquent filers. 80% of the SEC actions filed continued to come in the form of administrative proceedings rather than civil actions. There was a jump of 34% in issuer reporting and disclosure actions, and a 34% increase in actions related to securities offerings. Actions involving allegations of insider trading and violations of the Foreign Corrupt Practices Act decreased.

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (10 S. LaSalle, Suite 3500, CHICAGO, IL 60010, 312.332.4200). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Short URL: http://rs.run/Nz5NM6