SEC Actions Hold Steady Against Public Companies

Securities and Exchange Commission enforcement actions against public companies and their subsidiaries held steady in the first half of fiscal year 2016, as the agency continues to rely heavily on its administrative forum.

The SEC brought 43 cases against that type of respondent in the first half of the year, roughly on pace with the 84 actions begun throughout fiscal year 2015, according to a report released May 17 by the NYU Pollack Center for Law & Business and Cornerstone Research.

Of those 43 cases, all but five were brought in the agency’s in-house forum, a ratio roughly the same ...