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Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
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NEWSLETTERS & ALERTS
SEC Enforcement: A Banner Year
SEC Enforcement co-directors Stephanie Avakian and Steven Peikin proclaimed fiscal year 2017 a rousing SUCCESS! If you don’t believe it, just look at the numbers (for year ended September 30, 2017):
- The SEC brought 754 enforcement actions in FY 2017.
► The SEC brought 868 enforcement actions in FY 2016.
- The SEC brought 446 standalone actions in FY 2017.
► The SEC brought 548 standalone actions in FY 2016.
- The SEC raised $3.8Bn in penalties and disgorgement in FY 2017.
► The SEC raised $4.1Bn in penalties and disgorgement in FY 2016.
- The top 5% largest cases accounted for $2.6Bn in penalties and disgorgement in FY 2017.
► The top 5% largest cases accounted for $2.8Bn in penalties and disgorgement in FY 2016.
- The SEC brought 135 standalone actions against RIAs, RICs, and B/Ds in FY 2017.
► The SEC brought 159 standalone actions against RIAs, RICs, and B/Ds in FY 2016.
- The largest penalty issued against a financial institution was $90Mn in FY 2017 (Credit Suisse).
► The largest penalty issued against a financial institution was $358Mn in FY 2016 (Merrill Lynch).
- The SEC distributed $1.1Bn to harmed investors in FY 2017.
► The SEC distributed $140Mn to harmed investors in FY 2017.
Oh well, perhaps their assessment was overly optimistic by a tad. Maybe I'll just recheck those numbers in the Division of Enforcement's Annual Report.