Securities and Exchange Commission Ramps Up Enforcement Against Public Companies and Subsidiaries in FY 2022
NEW YORK, Nov. 16, 2022 /PRNewswire-PRWeb/ -- The U.S. Securities and Exchange Commission filed 68 enforcement actions against public companies and subsidiaries in the first full fiscal year of Chair Gary Gensler's tenure. Monetary settlements imposed in public company or subsidiary actions reached $2.8 billion, according to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research.
- NEW YORK, Nov. 16, 2022 /PRNewswire-PRWeb/ -- The U.S. Securities and Exchange Commission filed 68 enforcement actions against public companies and subsidiaries in the first full fiscal year of Chair Gary Gensler's tenure.
- The report, SEC Enforcement Activity: Public Companies and SubsidiariesFiscal Year 2022 Update , analyzes information from the Securities Enforcement Empirical Database .
- The 68 enforcement actions in FY 2022, which ended Sept. 30, reflected a 28% increase from the previous fiscal year.
- The SEC imposed monetary settlements on 97% of the 75 public company and subsidiary defendants that settled in FY 2022.