The SEC additionally obtained orders barring 133 people from serving as officers and administrators of public firms, the very best variety of officer and director bars obtained in a decade.
As well as, the SEC reported that it distributed $930 million to harmed traders in fiscal yr 2023, marking the second consecutive yr with greater than $900 million in distributions.
“The investing public advantages from the Division of Enforcement’s work as a cop on the beat,” stated SEC Chairman Gary Gensler in a press release. “Final fiscal yr’s outcomes reveal but once more the Division’s effectiveness — working alongside colleagues all through the company — in following the information and the legislation wherever they result in maintain wrongdoers accountable.”
Fiscal 2023 was additionally a record-breaking yr for the SEC’s Whistleblower Program, the company stated.
The company issued whistleblower awards totaling almost $600 million, the “most ever awarded in a single yr,” together with a record-breaking $279 million awarded to 1 whistleblower.
The fee acquired greater than 18,000 whistleblower ideas in fiscal 2023, roughly 50% greater than the then-record 12,300 whistleblower ideas acquired in fiscal 2022. The SEC acquired greater than 40,000 ideas, complaints, and referrals in complete, a 13% improve over fiscal 2022.
