SEC Keeping Pace with Enforcements Despite Working Remotely
July 27, 2020 by Miriam Rozen
The SEC’s Enforcement Division is “fully operational” and has pursued violations at the same pace it did prior to the pandemic despite staff working remotely since mid-March, Stephanie Avakian, a co-director of the division, told a web audience last month.
From mid-March until mid-June, the SEC brought 130 enforcement actions, “roughly the same number” as it did in the same period in 2019, Avakian said during a June 18 webcast, entitled “Regulatory and Criminal Update,” organized by broker-dealer lobby group Sifma.
The regulator received around 6,500 tips, complaints, and referrals from mid-March until mid-June, which is a 45% year-on-year increase.