BlockBeats News, on November 24, the U.S. SEC recently announced that its enforcement efforts for fiscal year 2024 have reached a historic high, highlighting its efforts to maintain market integrity and protect investors. The agency revealed, "A total of 583 enforcement actions were initiated in fiscal year 2024, while receiving $8.2 billion in financial remedies, the highest amount in SEC history."
Compared to 2023, the enforcement actions initiated by the SEC increased by 14%. SEC Chairman Gary Gensler praised the role of the enforcement division: "The enforcement division is a steadfast police force that will hold wrongdoers accountable wherever they are, following the facts and the law. As this year’s results indicate, the division helps promote the integrity of our capital markets, benefiting both investors and issuers."