On November 18, 2021, the Enforcement Division (Division) of the U.S. Securities and Exchange Commission (SEC or Commission) released its annual report, which detailed the agency’s enforcement efforts during fiscal year 2021 (October 1, 2020 – September 30, 2021).
The Division reported that it brought a total of 434 standalone enforcement actions, up from 405 in the previous year. However, despite the lessening of COVID-19 restrictions, the total number of enforcement actions decreased, from 715 in 2020 to 697 in the current year. Notably, this is the lowest number of enforcement actions since 2014.
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