The Securities and Exchange Commission announced another banner year on Thursday, reporting it filed a record 807 enforcement actions and collected $4.19 billion.
But were they padding their numbers?
A Bloomberg article from Sept. 24 suggested the SEC “appears to be doing some fuzzy math of its own.”
It introduces readers to Urska Velikonja, a law professor at Emory University in Atlanta, who studied more than a decade of the regulator’s enforcement statistics, and found the SEC is inflating its numbers in several ways.
From the article:
The agency counts actions against the same people two or three times, ...
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