The office of the U.S. Securities and Exchange Commission (SEC) is seen successful Washington connected Jan. 28, 2021. (Sauk Loeb/AFP via Getty Images)
WASHINGTON—The U.S. Securities and Exchange Commission’s (SEC) manager of enforcement connected Friday said the agency’s fiscal twelvemonth 2021 enforcement figures volition beryllium “slightly down” from the anterior year.
Speaking to a gathering of attorneys, SEC enforcement manager Gurbir Grewal said the data, expected to beryllium published wrong weeks, volition amusement a diminution versus fiscal 2020, but that the agency’s standalone actions are up and the unit are bringing “first of their kind” cases. Fiscal 2020 ended connected Sept. 30.
In caller weeks, the SEC seat and apical enforcement officials person said they volition velocity up the investigative process, question blameworthy admissions from wrongdoers, and people gatekeepers’ compliance issues.
The agency’s enforcement unit are besides progressively raising the contented of clawing backmost enforcement compensation and person initiated aggregate inquiries of Wall Street banks.
By Chris Prentice
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