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(Washington)
The SEC seems to have decidedly changed its approach of late. Under new chief Jay Clayton, the SEC has greatly cut back on fines and disgorgements. Over the last fiscal year, penalties have fallen by 15.5% to a four-year low of $3.5 bn. The total number of cases taken up by the SEC dropped 17%. Clayton has made boosting capital raisings his priority, and has indicated that fining companies may simply hurt shareholders.
FINSUM : In the years leading up to Clayton's appointment, regulatory over-reach did seem to be hitting extremes. Though, one hopes a pullback in enforcement won't lead to increased bad behavior.
- SEC
- fines
- disgorgement
- regulations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
