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SEC Increases Enforcement Activity in 2014
November 11, 2014
BY THOMAS A. ZACCARO, ELEANOR K. MERCADO & SARAH KELLY-KILGORE
The Securities and Exchange Commission recently announced that it filed a record 755 enforcement actions and obtained orders totaling $4.16 billion in disgorgement and penalties in fiscal year 2014 (FY 2014). This number is up from 686 enforcement actions and orders totaling $3.4 billion in disgorgement and penalties in FY 2013. According to SEC Chair Mary Jo White, "The innovative use of technology - enhanced use of data and quantitative analysis - was instrumental in detecting misconduct and contributed to the enforcement division's success in bringing quality actions that resulted in stiff monetary sanctions."