A new report published by the NYU Pllack Center for Law & Business and Cornerstone Research indicates that the number of actions the Securities and Exchange Commission (SEC) has brought against public companies and their subsidiaries has increased recently.
According to the report, the SEC brought 84 different actions against public entities and their subsidiaries in the 2015 fiscal year. This represents a 50 percent increase in the enforcement actions since the 2014 fiscal year. Since the 2016 fiscal year began, there have been 43 enforcement actions brought forth, which means the agency is on pace to once again exceed the previous year’s total.
Other findings from the report include:
The SEC continues to seek out wrongdoing within businesses and public agencies, providing awards to those who uncover fraud and other illegal issues. To learn more about how you can protect your business or organization, consult the dedicated whistleblower attorneys at Whistleblower Law for Managers in Dallas, Texas.