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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.