SEC chief says agency brought 700 enforcement actions in fiscal 2020, ‘significant’ amount during telework period

In this news, we discuss the SEC chief says agency brought 700 enforcement actions in fiscal 2020, ‘significant’ amount during telework period.

WASHINGTON (Reuters) – The head of the United States’ Securities and Exchange Commission (SEC) said on Thursday that the agency launched 700 enforcement actions in fiscal 2020, a “ significant ” amount after March 15.

In a virtual speech to kick off the agency’s annual conference organized in conjunction with the Practicing Law Institute, Jay Clayton said the agency has also obtained financial remedies of more than $ 4 billion, against a year ago.

The SEC also examined the disclosures of more than 10,700 funds – including more than 1,200 new funds – in 2020, an increase of 7% from last year, Clayton added.

Reporting by Katanga Johnson

Original © Thomson Reuters

Originally posted 2020-10-08 07:36:09.

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