On November 24th, COINOTAG reported a significant milestone for the U.S. Securities and Exchange Commission (SEC) as it revealed that enforcement actions for the 2024 fiscal year have surged to an unprecedented level. The SEC revealed a total of 583 enforcement actions conducted, resulting in a staggering $8.2 billion in financial remedies—marking a record for the agency. This represents a 14% increase compared to the previous fiscal year, underscoring the SEC’s commitment to uphold market integrity and safeguard investors.
SEC Chairman Gary Gensler emphasized the critical function of the enforcement division, likening it to a rigorous police force dedicated to rooting out misconduct based on evidence and legal standards. “This year’s achievements reflect our ongoing mission to enhance the integrity of capital markets,” he stated, noting that such efforts ultimately benefit both investors and issuers alike. The SEC’s intensified actions are a clear signal of its resolve to ensure a transparent and fair investment environment.
Source: https://en.coinotag.com/breakingnews/sec-enforcement-actions-hit-historic-high-protecting-investors-and-market-integrity-in-2024/