On Wednesday, the United States Securities and Exchange Commission (SEC) <a href="https://www.sec.gov/news/press-release/2019-233">reported</a> that the SEC Division of Enforcement assessed roughly $4.3 billion in disgorgement and penalties in 2019.

As per the official report, SEC chairman Jay Clayton highlighted that the results on the release; reflects the focus the regulator puts in watching wrong doings; and taking action to effectively help the harmed investors.
<blockquote><strong><em>“Through these actions, the SEC obtained judgments and orders totaling more than $4.3 billion in disgorgement and penalties. Importantly, the SEC also returned roughly $1.2 billion to harmed investors as a result of enforcement actions.”</em></strong></blockquote>
Moreover, the amount was gathered across 862 different enforcement actions. This represents a slight increase of SEC activity. During fiscal 2018, SEC tallied $3.9 billion from 821 cases. It is reportedly also the highest number of cases and largest amount; collected under SEC Chairman Jay Clayton, who took over the agency in 2017.

Interestingly, Block.One, the firm behind EOS, agreed to a $24 million settlement with the SEC after it allegedly raised $4 billion. Additionally, Airfox, Paragon Coin, ICO Rating, Nebulous (the firm behind Sia) were also charged with the SEC in the fiscal year of 2019. None of the penalties settled were more than $300,000. Furthermore, Kik, which issued its own digital currency, is currently being sued by the SEC.
<h2></h2>
<h2>$1.2 Billion Returned to Harmed Investors</h2>
In addition, the report claims that SEC returned $1.2 billion to the harmed investors. It has also barred or suspended roughly 600 people from the securities market. Additionally, the commission has also suspended trading in 271 companies.

In conclusion, <a href="https://www.cryptoknowmics.com/crypto/telegram-may-delay-launch-of-ton-ahead-of-sec-meeting/">SEC</a> claims in the report that a new initiative helped boost its figures. The initiative helped investment firms to self-report violations of conflicts of interest regulations in order to avoid a fine. The initiative resulted in 95 firms coming forward and refunding $135 million to the affected investors.

&nbsp;

&nbsp;

SEC Collected Over $4.3 Billion in Fines, Disgorgement in Fiscal 2019

On Wednesday, the United States Securities and Exchange Commission (SEC) reported that the SEC Division of Enforcement assessed roughly $4.3 billion..%

My first love is music – then goes writing. I don’t write fiction, I analyze bulls and bears in markets. I call it my jungle, the digital jungle of crypto and chains.

SEC Collected Over $4.3 Billion in Fines, Disgorgement in Fiscal 2019

Top Picks