SEC filed record number of cases in 2011

Commission brought 735 cases in past fiscal year, resulting in about $2.8 billion in sanctions

In the immortal words of Christopher Wallace, “What you gonna do when Big Poppa comes for you?” American companies may want to ponder this pontification, and remain vigilant in their compliance efforts, as the Securities and Exchange Commission (SEC) filed a record number of cases in the fiscal year that ended Sept. 30.

The SEC brought 735 cases in 2011, up from 677 cases in 2010. However, despite this increased number, the commission collected just $2.8 billion in penalties, which is slightly down from last year’s $2.85 billion.

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