SEC Obtained Record $8.2 Billion in Financial Remedies for Fiscal Year 2024, Commission Says
In the fiscal year 2024, the U.S. Securities and Exchange Commission achieved a groundbreaking milestone by obtaining a record $8.2 billion in financial remedies. This significant figure, the highest the agency has ever seen, comprised $6.1 billion in disgorgement and prejudgment interest, also a record-breaking amount, alongside $2.1 billion in civil penalties, the second-highest collection on record. This announcement was made public by the SEC on Friday.
From November 22, 2024, the Supreme Court decision to dismiss Facebook’s appeal in a securities case as “Improvidently Granted” made headlines. Similarly, a report on November 22, 2024, revealed that UPS had reached a $45 million settlement with the SEC over a valuation claim. Earlier, on November 21, 2024, it was disclosed that SEC Chair Gary Gensler is set to resign on Trump’s Inauguration Day. In another significant news update from November 14, 2024, the SEC shared its achievement of record-breaking financial remedies for the fiscal year 2024, marking a historic milestone for the Commission.
