While the number of enforcement actions filed by the SEC remained steady around 700 in fiscal 2022, the agency obtained orders for some of its highest fines ever and claimed a record $4 billion in civil penalties. Mr. Gensler, a Democrat nominated by President Biden, said he wants to deter Wall Street firms from viewing regulatory settlements as a cost of doing business.
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SEC obtained record $6.4b in monetary sanctions in past fiscal year
“Hopefully, market participants take notice of these high-impact cases and change behavior,” Mr. Gensler said in a speech prepared for delivery Wednesday before the Practising Law Institute.
