United States: Top SEC Enforcement Events Of 2014

I.               Introduction

This past fiscal year, ending September 30, 2014, was an active one for the Division of Enforcement at the U.S. Securities and Exchange Commission ("SEC").  The SEC brought 755 enforcement actions and collected $4.16 billion in disgorgement and penalties, 10 and 22 percent increases, respectively, from fiscal year 2013.¹  The SEC attributed the increase in enforcement actions in part to new investigative approaches as well as the SEC's expansion into a number of new areas, resulting in several first-ever cases.²  This article reviews a selection of the top SEC enforcement matters of 2014.

Footnotes

1.Press Release, SEC, SEC's FY 2014 Enforcement Actions Span Securities Industry and Include First-Ever Cases (Oct. 16, 2014), http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543184660 (hereinafter SEC FY 2014 Press Release).

2.Id.

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Originally published in Securities Docket on February 19, 2015

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