By Katanga Johnson
WASHINGTON (Reuters) – The head of the U.S. Securities and Exchange Commission (SEC) said on Thursday that the agency has brought 700 enforcement actions in the 2020 fiscal year, a ‘significant’ amount after March 15.
In a virtual address kicking off the agency’s annual conference put on in conjunction with the Practicing Law Institute, Jay Clayton said the agency had also obtained financial remedies of more than $4 billion, up from a year prior.
The SEC has also reviewed disclosures of more than 10,700 funds–including more than 1,200 new funds–in 2020, an increase of 7% over last year, Clayton added.
