Since December 2021, the SEC's recordkeeping enforcement initiative had charged more than 100 firms and imposed more than $2 billion in penalties.
Notes on verification
Verbatim match with SEC press release 2024-186, corroborated by multiple independent law firm and industry sources; minor figure variations elsewhere reflect different cutoff dates or inclusion of CFTC penalties, not contradictions.
Sources
- SEC Announces Enforcement Results for Fiscal Year 2024 (sec.gov)
- https://www.planadviser.com/secs-8-2b-financial-remedies-highest-history/ (planadviser.com)
- https://www.whitecase.com/insight-alert/sec-enforcement-year-end-overview (whitecase.com)
- https://www.kirkland.com/publications/kirkland-aim/2025/01/off-channel-communications (kirkland.com)
- https://www.cov.com/-/media/files/corporate/publications/2024/12/sec-prioritized-enforcement-sweeps-as-cases-slowed-in-24.pdf (cov.com)