SEC Announces Enforcement Results For FY 2015

Posted on October 30th, 2015 at 12:53 PM
SEC Announces Enforcement Results For FY 2015

From the Desk of Jim Eccleston at Eccleston Law LLC:

The SEC announced that during the 2015 fiscal year, it continued to build on its strong record of unique cases that crossed the spectrum of the securities industry. 807 enforcement actions were filed covering numerous areas of misconduct and $4.2 billion was obtained in disgorgement and penalties. Of those 807 actions filed, 507 were for violations of federal securities laws and the remaining 300 were either actions against delinquent in SEC filings, or proceedings seeking bars against individuals based on criminal convictions, etc.

The agency’s first-of-their –kind cases included the following an action against: a private equity adviser for misallocating deal expenses; an underwriter for pricing-related fraud in the primary market for municipal securities; and the passage of a SEC rule prohibiting the use of confidentiality agreements to impede whistleblower communication with the SEC. SEC Chair Mary Jo White stated, “Vigorous and comprehensive enforcement protects investors and reassures them that our financial markets operate with integrity and transparency, and the Commission continues that enforcement approach by bringing innovative cases holding executives and companies accountable for their wrongdoing sending clear warnings to would-be violations.”

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, SEC, Mary Jo White

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Thank you for your professional assistance with this matter. You are very good at what you do.

John T.


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