SEC Levied Record Enforcement Penalties for Misconduct in 2022

The US Securities and Exchange Commission’s enforcement penalties surged to a record in the government’s fiscal 2022, the agency said on Tuesday.

The SEC’s enforcement actions resulted in $6.4 billion in fines and money ordered to be reimbursed to investors, up from just $3.9 billion in 2021, according to an annual report.

“We don’t expect to break these records and set new ones each year because we expect behaviors to change. We expect compliance,” SEC Enforcement Director Gurbir Grewal said in a statement.

Cases in the past year included fines against major banks over the use of outside messaging ...