SEC Announces FY2021 Results With 7 Percent Increase in New Enforcement Actions

On November 18, 2021, the U.S. Securities and Exchange Commission (SEC) announced its enforcement action results for fiscal year 2021, which ended on September 30, 2021. The results show that the SEC filed a total of 697 enforcement actions (including both federal district court actions and follow-on administrative proceedings), a 3 percent decrease from fiscal year 2020. However, the total enforcement actions results included 434 new actions filed in federal district court or as standalone administrative proceedings, which is a 7 percent increase over the prior year. The SEC report also shows that the agency filed 120 actions against issuers who were delinquent in making required SEC filings, and 143 follow-on administrative proceedings seeking bars against individuals based on underlying criminal convictions, civil injunctions, or other orders.