SEC Fines At Four-Year Low

After three years of raking in multi-billions in fines, the Securities and Exchange Commission collected just $1.6 billion in penalties in the year ending September 30. It’s the lowest amount since 2002 (when fines totaled $1.4 billion); it’s also the same year Congress passed Sarbanes-Oxley.

After three years of raking in multi-billions in fines, the Securities and Exchange Commission collected just $1.6 billion in penalties in the year ending September 30. It’s the lowest amount since 2002 (when fines totaled $1.4 billion); it’s also the same year Congress passed Sarbanes-Oxley.

The fall in fines comes after complaints from Republican commissioners and business groups that say the penalties hurt investors, according to a Bloomberg report. Meanwhile, Democrats say the heavy fines deter fraud.

The SEC’s sanctions increased 40 percent after Sarbanes-Oxley was implemented, according to the agency’s data. Click here to read the full Bloomberg story.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish