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ARTICLE · 24 OCTOBER 2016

FY2016 Enforcement Results Reach Single-Year High: SEC

Herbert Smith Freehills Kramer LLP
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The SEC filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers in FY 2016.

United StatesFinance and Banking
George Silfen
George Silfen
Ronald Feiman
Ronald Feiman
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The SEC filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers in FY 2016. The agency released the annual update of its enforcement actions, which reached a single-year high for the fiscal year ended Sept. 30, including the most ever cases involving investment advisers or investment companies (160) and the most ever independent or standalone cases involving investment advisers or investment companies (98). FCPA-related enforcement actions also hit new highs (21), as did money distributed to whistleblowers ($57 million). The agency brought a record 548 standalone or independent enforcement actions and obtained judgments and orders totaling more than $4 billion in disgorgement and penalties.

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