SEC Announces Record Enforcement Actions Brought in First Quarter of Fiscal Year 2025

The Securities and Exchange Commission today announced that, based on its preliminary results, it filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement actions. The Division filed a total of 75 enforcement actions in October 2024 alone. The foregoing numbers represent the most actions filed in their respective periods since at least 2000. The actions filed in the first quarter addressed a wide range of violations, including financial misstatements, misleading disclosures to brokerage customers, failures by advisory firms to disclose conflicts of interest, alleged bribery schemes, frauds targeting retail investors, misleading statements about artificial intelligence, and more.