In fiscal year 2024, the SEC brought recordkeeping cases imposing more than $600 million in civil penalties against more than 70 firms, including its first recordkeeping-violation cases against municipal advisors.
Notes on verification
Confirmed directly by SEC's own press releases (2024-186 and 2024-132) and corroborated by multiple independent legal/industry sources including Harvard Law School Forum, Cleary Gottlieb, and Bond Buyer, with no contradictions found.
Sources
- SEC Announces Enforcement Results for Fiscal Year 2024 (sec.gov)
- https://www.clearygottlieb.com/news-and-insights/publication-listing/sec-fy-2024-enforcement-results (clearygottlieb.com)
- https://www.newsfilecorp.com/release/231120/SEC-Announces-Enforcement-Results-for-Fiscal-Year-2024 (newsfilecorp.com)
- https://corpgov.law.harvard.edu/2025/01/27/sec-enforcement-2024-year-in-review/ (corpgov.law.harvard.edu)
- https://www.bondbuyer.com/news/sec-more-than-doubles-muni-enforcement-filings-in-fy-2024 (bondbuyer.com)