The US SEC has released its enforcement action report for the 2024 fiscal year.
A total of 583 cases were filed, down 26% from 2023. However, fines and settlements reached a record $8.2 billion, including $6.1 billion in disgorgement and $2.1 billion in civil penalties.
The focus is on “high-risk” areas, including cryptocurrency. The largest case was the settlement with Terraform Labs for $4.5 billion.