It Was the Best of Times: Successful Enforcement Year for SEC

It Was the Best of Times: Successful Enforcement Year for SEC

The application of new investigative approaches and innovative use of data and analytical tools have contributed to a banner enforcement year for the Securities and Exchange Commission it recently announced.

In fiscal year 2014, the SEC filed a record 755 enforcement actions and obtained orders amounting to $4.16 billion in disgorgement and penalties, compared to 686 and $3.4 billion in 2013, and 734 and $3.1 billion in 2012.

These enforcement actions included first-ever cases:

  • actions involving the market access rule
  • the pay-to-play rule for investment advisers
  • emergency action to halt a municipal bond offering
  • action for whistleblower retaliation

According to SEC Chair Mary Jo White, technology played a large part in the Commission’s success.

The innovative use of technology — enhanced use of data and quantitative analysis — was instrumental in detecting misconduct and contributed to the Enforcement Division’s success in bringing quality actions that resulted in stiff monetary sanctions.”

Without a doubt, data and quantitative analysis will continue to contribute to the SEC’s enforcement. Additional FY 2014 enforcement specifics can be found here. What do you think of the Commission’s announcement and its use of technology? Please comment below.

Share this entry


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

LLM unifies the legal process by combining legal holds, case strategy, matter and budget management, review and analytics in a single, web-based platform. We connect legal strategy to tactics in a way no one else can, so every part of the process is actionable. Our product scales to help corporate and law firm teams gain cost-savings and eliminate inefficiencies.
Send this to a friend