October 18, 2018

October 18, 2018

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October 17, 2018

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October 16, 2018

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SEC Enforcement Division Issues Report on Priorities and Fiscal Year 2017 Results

On November 15, the Enforcement Division of the Securities and Exchange Commission issued a report highlighting its 2018 enforcement priorities and its enforcement results for 2017. In the report, the Enforcement Division stated the five core principles that will guide enforcement in 2018: 1) focus on the Main Street investor; 2) focus on individual accountability; 3) keep pace with technological changes; 4) impose sanctions that most effectively further enforcement goals; and 5) constantly assess the allocation of resources.

In 2017, the Enforcement Division brought 754 enforcement actions, including 446 stand-alone actions, which returned a record $1.07 billion to harmed investors. In total, the SEC obtained judgements and orders totaling more than $3.789 billion in disgorgement and penalties.

More information is available here and the report itself is available here.

This post was written by Timothy D. Nolan.

©2018 Katten Muchin Rosenman LLP


About this Author

Janet M. Angstadt, Securities, Financial Services, Chicago, Lawyer, Katten Law FIrm

Janet M. Angstadt is the head of Katten's Chicago Financial Services practice. She focuses her practice on broker-dealer and exchange compliance issues and advises companies on matters regarding compliance with the regulations of the US Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs).

Janet represents clients in a wide range of legal and regulatory matters, including mergers and acquisitions, SRO investigations, compliance issues related to registrations, sales practice, short sales, Regulation NMS, market-making and...

Michael T. Foley, Katten, Lawyer, Finance, FINRA, Chicago
Special Counsel

Michael Foley represents broker-dealers, investment advisers and other financial services industry participants with respect to a broad spectrum of legal and regulatory matters arising under the federal securities laws.

Michael has nearly 20 years of experience in private practice and in-house at both a large, full-service broker-dealer and at an online discount broker-dealer, advising broker-dealers and other financial institutions regarding compliance with the federal securities and commodities laws, and with the regulations of the US Securities and Exchange Commission, the US Commodity Futures Trading Commission and financial industry self-regulatory organizations.