Investment Advisor and investment company enforcement actions by the Securities and Exchange Commission dropped from 147 in Fiscal 2012 to 140 in Fiscal 2013 which ended September 30, the agency announced Tuesday.
Broker-dealer enforcement activity fell as well from 134 to 121 while overall enforcement followed the same pattern dropping from 734 to 686.
Disgorgements of illegal profits obtained by the regulator in judicial and administrative proceedings rose from $2.083 billion to $2.257 billion. Fines rose from $1.021 billion to $1.167 billion.
