SEC & CFTC Enforcement Update
September was the most active month for SEC and CFTC enforcement in the past 12 months – as is typical at the end of the agencies’ fiscal year. The SEC filed 75 actions and the CFTC filed 29, against a combined total of 208 defendants and respondents. (This tally excludes follow-on actions, bars and suspensions.)
The SEC’s actions included Ponzi scheme and offering violations, investment adviser, broker-dealer and insider trading cases. The CFTC took various actions concerning failures to comply with swap dealer requirements.
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