U.S. SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018

By Pete Schroeder WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency's enforcement division said in its annual report on Friday. The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties. "The Enforcement Division has been and continues to be extremely successful in its efforts to deter bad conduct and effectively remedy harm to investors," said SEC Chairman Jay Clayton in a statement

from Latest News Business on Firstpost https://ift.tt/2PahnAz