The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights
NEW YORK, Nov 14 (Reuters) - The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. Plastic Strap Seals
The total financial remedies in fiscal 2023 were the second-highest in SEC history, following last year's record of $6.4 billion, including both disgorgement and interest in addition to civil penalties. The figures underscore how the agency has sought to more aggressively police violations and misconduct under Democratic leadership.
The SEC barred 133 individuals from serving as directors and officers of public companies, the highest number of such bans in a decade, the SEC said in a statement.
The SEC's tally included settlements with 25 broker-dealers, advisers and others over employees' use of personal devices and apps including WhatsApp, the agency said.
The regulator obtained a $178.6-million civil penalty against Danske Bank (DANSKE.CO) to resolve charges of misleading investors over its efforts to combat money-laundering and $56 million in fines and other remedies against mining firm Vale SA (VALE3.SA) over false and misleading disclosures leading up to a dam collapse that killed 270 people.
The year's enforcement work also included high-profile lawsuits against players in the cryptocurrency sector, such as FTX founder Sam Bankman-Fried.
Reporting by Chris Prentice; Editing by Aurora Ellis
Our Standards: The Thomson Reuters Trust Principles.
Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing Co’s P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters.
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