• Skip to primary navigation
  • Skip to main content
Logo
Open search bar
  • About
    • Todd Cipperman
    • Why Choose Us
  • Services
    • Money Managers
    • Registered Funds
    • Private Equity
    • Broker-Dealers
    • CyberSecure - Funds
  • In The News
  • Outsourced CCO
  • Client Engagement
  • Resources
    • Helpful Information
    • Regulatory Exams
    • Executive Interviews
    • Blog
    • Podcasts & Videos
    • Best Practices
  • Contact Us

Our Take Blog

Home
Our Take Blog
SEC Chairman Lauds Examination, Enforcement and Registration Uptick

SEC Chairman Lauds Examination, Enforcement and Registration Uptick

In a recent speech, SEC Chairman Mary Schapiro detailed changes at the SEC during her tenure which resulted in significant increases in exam results, fines, and registrations. Ms. Schapiro stated that over the past two years, 42% of exams have identified “significant findings” (up a third since 2009) and that the percentage of referrals to Enforcement has increased from 10% to 15%. She said that last year the SEC brought 735 enforcement actions, resulting in $2.8 Billion in penalties and disgorgement. She also said that, as a result of Dodd-Frank, approximately 1,200 private fund advisers have registered with the SEC. 

OUR TAKE: It is unclear whether the increase in enforcement statistics will be enough for the SEC to retain jurisdiction over investment advisers. 
 http://sec.gov/news/speech/2012/spch022412mls.htm
Back to Top
logo
480 E. Swedesford Road, Suite 220, Wayne, PA 19087
610-687-5320
LinkedIn Twitter
© 2020 Marlivia Properties LLC