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The SEC application against public companies falls to a seven-year low



(Reuters) – US Securities and Exchange Commission's enforcement action against public companies fell to a seven-year low in fiscal year 2021, even as monetary settlements rose slightly, according to research published on Wednesday.

US market regulators filed 53 enforcement action against public companies and subsidiaries during the year ended September 30, 32% below the previous five-year average and the lowest level since 2014, according to data compiled by New York University and Cornerstone Research. The decline coincided with the continuing coronavirus pandemic and a transition to democratic leadership. SEC President Gary Gensler, known for being tough on Wall Street, joined the agency in mid-April.

Although there are signs that the agency is taking an increasingly aggressive stance with Wall Street and corporate America, the SEC's CEO earlier this month warned that the agency's accounting figures for 2021

. would show a decline in enforcement activity. Wednesday's report.

For the first time in a decade, there were no public companies or subsidiaries accused of pleading guilty, the report showed, something that SEC officials have signaled in recent weeks will become more of a priority.


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