SEC: A total of nearly US$5 billion in fines will be imposed in fiscal year 2023, focusing on areas such as cryptocurrency
US SEC announced its enforcement results for the 2023 fiscal year on its official website. The report shows that the SEC initiated a total of 784 enforcement actions, an increase of 3% from 2022. The enforcement actions resulted in fines totaling $4.949 billion, second only to the $6.4 billion in 2022, making it the second-highest in history. The SEC stated that "the 2023 fiscal year was a productive year for enforcement work." The cases it focused on investigating involved cryptocurrency, cybersecurity, false statements by listed companies, and market manipulation, among other areas.
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