Fines to rise as regulators continue to punish misconduct

Repeated conduct failures lead to increase in average penalty amount


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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