US securities regulators are obtaining significant amounts in financial remedy orders from enforcement actions filed against actors accused of engaging in abusive trading practices.
In a statement, the U.S. Securities and Exchange Commission (SEC) says that during the fiscal year 2023, it initiated a total of 784 enforcement actions, marking an increase of 3% from last year.
The legal actions led to financial remedy orders amounting to $4.949 billion, the second-highest in the agency’s history after last year’s record of $6.4 billion. The amount comprises $3.369 billion in disgorgement and prejudgment interest and $1.580 billion in civil penalties.
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The securities watchdog says it also distributed nearly $1 billion to harmed investors and awarded nearly $600 million for its Whistleblower Program in 2023, the most that
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