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San Diego Securities Lawyers: SEC Enforcement Action Up 20%

By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, June 6, 2017.

Erwin J. Shustak, Esq.
619.696.9500 ex. 109
[email protected]

In the past six months, SEC enforcement actions against broker-dealers were up 20% and now account for a quarter of all SEC enforcement actions.

The SEC filed 334 enforcement actions during that six month period, down from 372 filings one year earlier, largely due to a 50% decline in actions against delinquent filers.  The majority of the enforcement proceedings were in the form of administrative proceedings rather than civil actions.

In addition to the increase in actions involving broker-dealers, there was a jump of 34% in issuer reporting and disclosure actions, and a 34% increase in actions related to securities offerings.

Shustak Reynolds & Partners, P.C. focuses in the areas of securities, financial services and complex business disputes. For more information, contact our managing partner, Erwin Shustak. More information is available at www.shufirm.com.

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