SEC Division of Enforcement: 2024 By the Numbers

The U.S. Securities and Exchange Commission recently announced its enforcement results for fiscal year 2024.  The SEC’s Division of Enforcement filed 583 enforcement actions, a 26% decline from fiscal year 2023, including:

  • 432 standalone actions (representing a 14% decline from 2023);
  • 93 follow-on administrative proceedings (43% decline); and
  • 59 delinquent filer actions (51% decline).
Continue reading “SEC Division of Enforcement: 2024 By the Numbers”

The SEC Ramps Up Efforts to Police Crypto Industry

As the crypto industry continues to grow and market volatility remains high, the Securities and Exchange Commission (SEC) has announced its plan to increase its regulation of the area. The SEC’s Crypto Assets and Cyber Unit, which was created in 2017, will expand from thirty to fifty positions. The unit is tasked with protecting investors from crypto-related frauds and scams. The increase in staffing will allow for more investor protection focused on the areas of crypto asset offerings, crypto asset exchanges, crypto asset lending and staking practices, decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and stablecoins. The twenty additional positions will mostly consist of supervisors, investigative staff attorneys, trial counsels, and fraud analysts. Continue reading “The SEC Ramps Up Efforts to Police Crypto Industry”

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