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The SEC fines $ 3.9 billion in fiscal year 2021



(Reuters) – The US Securities and Exchange Commission said on Thursday that it estimated $ 3.9 billion in fines related to enforcement measures during the 2021 fiscal year, a decrease from a record $ 4.7 billion in 2020, even as independent measures increased.

Tops. U.S. market regulators said they estimated $ 1.4 billion in penalties and another $ 2.4 billion in ill-gotten funds devoured by 697 measures. That compares with $ 1 billion in penalties and $ 3.6 billion in emissions in 715 cases by 2020.

Independent enforcement measures increased to 434 from 405 previously, but remained below the previous five-year average, according to the annual report. During the 2020 fiscal year, a handful of significant cases ran the bulk of the agency's fundraisers.

This year's actions included a major resolution with Goldman Sachs, in which the company agreed to pay approximately $ 1

billion to settle SEC fees related to the 1MDB scandal, an accounting audit case against General Electric Co. and indictments against Kraft Heinz and two former executives related to a year-long cost management system.

The SEC also filed a rare lawsuit against AT&T Inc. and three executives for allegedly disclosing material non-public information to research analysts.

The SEC said that they distributed a record $ 564 million to 108 whistleblowers during fiscal year 2021.

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