US SEC enforcement collected nearly $5 bln in financial remedies last year
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights
NEW YORK, Nov 14 (Reuters) - The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday.
The total financial remedies in fiscal 2023 were the second-highest in SEC history, following last year's record of $6.4 billion, including both disgorgement and interest in addition to civil penalties. The figures underscore how the agency has sought to more aggressively police violations and misconduct under Democratic leadership.
The SEC barred 133 individuals from serving as directors and officers of public companies, the highest number of such bans in a decade, the SEC said in a statement.
The SEC's tally included settlements with 25 broker-dealers, advisers and others over employees' use of personal devices and apps including WhatsApp, the agency said.
The regulator obtained a $178.6-million civil penalty against Danske Bank (DANSKE.CO) to resolve charges of misleading investors over its efforts to combat money-laundering and $56 million in fines and other remedies against mining firm Vale SA (VALE3.SA) over false and misleading disclosures leading up to a dam collapse that killed 270 people.
The year's enforcement work also included high-profile lawsuits against players in the cryptocurrency sector, such as FTX founder Sam Bankman-Fried.
Reporting by Chris Prentice; Editing by Aurora Ellis
Our Standards: The Thomson Reuters Trust Principles.
Bermudian Dollar
Bermudian Dollar2009BMD1002009BMD102009BMD202009BMD22009BMD502009BMD5
Hungarian Forint
Hungarian Forint2015HUF100002018HUF10002017HUF200002016HUF20002017HUF50002018HUF500
US Dollar
The US Dollar is the currency of the United States of America and several other countries and territories. It is also the most widely used currency in international trade and finance, and the main reserve currency of the world. Here is a brief introduction of the US Dollar:The US Dollar was
Comorian Franc
The Comorian Franc is the official currency of the Comoros, a small island nation located in the Indian Ocean. It was introduced in 1981 to replace the French Franc, which had been in use since the country's colonial period. The currency is issued by the Central Bank of the Comoros and is available in both paper and coin form. The exchange rate of the Comorian Franc is determined by market forces and is subject to fluctuations. While the currency has faced some challenges in the past, such