Highlights from the SEC Division of Enforcement's Fiscal Year 2019 Annual Report

On November 6, 2019, the United States Securities and Exchange Commission’s Division of Enforcement published its Annual Report for Fiscal Year 2019. Between October 1, 2018 and September 30, 2019, the SEC reports a slight uptick in enforcement actions, with 862 total enforcement actions. Those actions, and the accelerated completion of other actions involving self-reporting and cooperation, buoyed results for a year that included a 35-day government shutdown and, according to Division Co-Directors Stephanie Avakian and Steve Peikin, “significant headwinds” stemming from recent Supreme Court decisions. As before, the Enforcement Division remains focused on protecting retail investors; addressing alleged wrongdoing by issuers, financial institutions including asset managers, and individuals; and addressing concerns raised by investments involving digital assets.

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