Bloomberg Law
Oct. 23, 2015, 8:06 PM UTC

Behind the SEC’s Record Year: Padded Stats or Pathbreaking Cases?

Gabe Friedman
Freelancer

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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