The bodog poker review imposed .8 billion in monetary settlements, the largest total in any fiscal year recorded in the Securities Enforcement Empirical Database.
New York—The U.S. Securities and Exchange Commission (SEC) filed 68 enforcement actions against bodog poker review companies and subsidiaries in the first full fiscal year of Chair Gary Gensler’s tenure. Monetary settlements imposed in bodog poker review company or subsidiary actions reached .8 billion, according to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research.
The report, SEC Enforcement Activity: bodog poker review Companies and Subsidiaries—Fiscal Year 2022 Update, analyzes information from the Securities bodog poker review Empirical Database (SEED). The 68 enforcement actions in bodog poker review 2022, which ended September 30, reflected a 28% increase from the previous fiscal year.
The SEC imposed monetary settlements on 97% of the 75 public company and subsidiary defendants that settled in bodog poker review 2022. Both the dollar amount and the percentage were the largest of any fiscal year recorded in SEED, which covers actions beginning in bodog poker review 2010.
The increase in monetary settlements is consistent with the SEC’s bodog poker review statements that ‘robust remedies’ are an enforcement priority.
“The number of defendants that settled in bodog poker review 2022 with admissions of guilt increased substantially from the previous fiscal year. This was driven by actions involving Broker Dealer allegations brought by the SEC in September,” said Stephen Choi, the Bernard Petrie Professor of Law and Business at New York University School of Law and director of the Pollack Center for Law & Business. “The 16 defendants admitting guilt was double the largest number in any previous fiscal year in SEED.”
The .8 billion in monetary settlements imposed in public company or subsidiary enforcement actions in bodog poker review 2022 was 1 million more than in bodog poker review 2021 and 1 million more than in any other fiscal year in SEED. The median monetary settlement in bodog poker review 2022 was million, the largest in SEED. The average settlement was million.
“The increase in monetary settlements is consistent with the SEC’s bodog poker review statements that ‘robust remedies’ are an enforcement priority,” said report coauthor Sara Gilley, a Cornerstone Research vice president. “The .2 billion in monetary settlements with 16 bodog poker review broker-dealer subsidiaries for recordkeeping failures represents 44% of total monetary settlements in the fiscal year.”
Issuer Reporting and Disclosure continued to be the most common allegation type in bodog poker review 2022, accounting for 38% of actions. Allegations in the SEC’s Broker Dealer classification were the second most common for the first time since bodog poker review 2018. Nearly 70% of the 16 Broker Dealer actions were filed against financial institutions for recordkeeping failures.