الثلاثاء, 12 حزيران/يونيو 2018 09:27

Financial Fines are Plummeting

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(Washington)

The Trump-era SEC is really starting to make itself felt. Not only has the SEC come out with a lighter touch “best interest” rule, but financial fines have been plummeting. In the six months from October to March, the SEC handed out $102m in fines, 93% lower than the year prior, and the lowest amount in at least 12 years. The total number of cases also fell by a quarter. The largest fine so far under SEC head Jay Clayton was $14m, tiny compared to the $415m fine levied against BAML under former SEC head Mary Jo White.


FINSUM: Financiers had been hoping that we were entering a regulatory-light era under Trump. It really seems to be materializing.

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