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SEC© breaks down FY 2014 Enforcement Results, Highlights

Publisher: ComplianceWeek
Author: Bruce Carton

Last week, the SEC© issued a press release summarizing its enforcement results for the agency’s fiscal year 2014, which ended September 30th of this year.

The SEC© emphasized it filed a record 755 enforcement actions in 2014. Listed below are some of the highlights.

  • Charges against more than 135 parties with violations relating to reporting and disclosure, including Bank of America Corporation; Fifth Third Bancorp; Diamond Foods Inc.; five executives and finance professionals from collapsed law firm Dewey & LeBouef LLP; AgFeed Industries Inc.; and CVS Caremark Corp.;
  • First-ever actions under a rule requiring firms to establish adequate risk controls before providing customers with market access (Knight Capital Americas LLC, and Wedbush Securities Inc.);
  • Significant enforcement actions against the New York Stock Exchange and brokerage subsidiaries for their failure to comply with exchange rules;

For full details on the rest of the highlights, please click here.

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