In Regulatory Wrap for the week to November 17, 2023:
In this Regulatory Wrap, we dive into the Securities and Exchange Commission’s (SEC) Enforcement Results 2023, uncovering persistent issues and new regulatory focuses.
Regulatory Wrap Episode 14: SEC Enforcement Results 2023
In Regulatory Wrap for the week to November 17, 2023, Jennie Clarke unpicks Securities and Exchange Commission’s Enforcement Results 2023.
Regulatory Compliance
Video
Written by a human
Highlights:
1. 784 enforcements were pursued, a 3% rise from 2022, yielding nearly $5 billion in financial remedies; close to last year’s record
2. Notably, the SEC targeted individuals, barring 133 from public company roles. A significant portion of cases involved individual charges, emphasizing increased accountability
3. Recordkeeping remained crucial, with 25 firms fined for violations, showcasing the SEC’s dedication, particularly concerning off-channel communications
4. While praising cooperative firms, the SEC upheld its strict stance on the new Marketing Rule, issuing almost $2 million in fines for non-compliance; expected to intensify in 2024
5. As the year wraps up, speculation grows about the SEC’s upcoming enforcements
This Regulatory Wrap is brought to you by Global Relay’s Head of Content, Jennifer Clarke.
Global Relay has a suite of compliance tools to help you meet recordkeeping requirements and mitigate the risk of being featured in the SEC’s Enforcement Results.
