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Enforcement Division Announces 2023 Results

By Professionals Group posted 12-14-2023 06:00 PM


By George Wilson

On November 14, 2023, the Division of Enforcement announced its 2023 results in this Press Release and  related Addendum.  According to the Press Release, the Division of Enforcement:

  • Brought 784 enforcement actions, an increase of 3%;

  • Levied financial remedies totaling $4.949 billion, down from $6.439 billion the year before;

  • Obtained officer and director bars against 133 individuals, the highest number in more than a decade; and

  • Continued to focus on gatekeepers.

The Press Release highlights that 2023 was a record year for the Whistleblower Program with awards of almost $600 million, a record annual total.  Even more dramatically, the number of whistleblower tips increased from 12,300 in 2022 to 16,000 in 2023.  You can read more about the Whistleblower Program 2023 results in its separate annual report.

As always, your thoughts and comments are welcome.