Fines to rise as regulators continue to punish misconduct

Repeated conduct failures lead to increase in average penalty amount

law-money

Big fines against banks and other financial institutions are increasing, as demonstrated by the US Securities and Exchange Commission (SEC) announcement that it posted a record 755 enforcement actions this fiscal year.

The SEC's penalties reached $4.16 billion, higher than the $3.4 billion it collected from 686 enforcement actions in 2013, and far in excess of the $3.1 billion received from 734 enforcement actions recorded in 2012. Not only are there a greater number of fines, but they are

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