Secteur · Supervision

SEC’s hefty 2023 fines contrast with Europe’s milder approach

The headquarters of the SEC in Washington. Photo by Scott S via Flickr CC-BY-2.0.

The U.S. Securities and Exchange Commission (SEC) in 2023 continued to demand significant recoveries from financial institutions, although investment advisers were less frequently targeted. The year also witnessed the introduction of fines related to WhatsApp use and a record payout to whistleblowers.

The SEC secured five billion dollars across 784 actions, marking its second-highest recovery total, paralleling the record figures of the previous financial year.

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