SEC Fines Hit Record $3.4B In 2013

Law360, New York (December 17, 2013, 2:59 PM EST) -- The U.S. Securities and Exchange Commission filed 686 enforcement actions in the 2013 fiscal year — 48 fewer than in 2012 — but collected a record $3.4 billion in fines, according to enforcement results released Tuesday, indicating increases in the quality of the commission’s investigations.

The $3.4 billion in disgorgement and penalties collected this year is 10 percent higher than 2012 and 22 percent higher than 2011, when the SEC filed the most actions in agency history, the financial watchdog said.  

While the commission has had...
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