TV News LIES

Monday, Dec 18th

Last update05:20:13 AM GMT

You are here News Economy Corporate penalties have plunged at SEC since Trump took office

Corporate penalties have plunged at SEC since Trump took office

E-mail Print PDF
SEC Chairman Jay Clayton

Publicly traded companies have been hit with fewer and much less costly penalties by the Securities and Exchange Commission since Donald Trump became president.

From February through September, the agency, now headed by Wall Street lawyer Jay Clayton, collected $127 million in corporate civil penalties in 15 cases, according to a POLITICO review of SEC data. That compares with $702 million in 43 cases from February through September 2016.

Notably, in December 2016 and the first 20 days of January 2017 — just before President Barack Obama’s SEC chief, Mary Jo White, stepped down — the agency collected $231 million in 23 corporate cases. The tally, compiled from cases posted on the SEC’s website, includes units of publicly traded companies.

It is still early in the tenure of Clayton, a Trump appointee who joined the agency in May. But these numbers suggest a course for enforcement at the regulator different from that of White, a former prosecutor, who emphasized corporate penalties as a way “to be certain our settlements have teeth.”

More...

 


Most Recent Related Stories...


U.S. trade gap soars as imports from China hit record high

trae deficit soars The U.S. trade deficit jumped 8.6 percent in October as imports from China and other suppliers...

Richest 1% now owns half the world's wealth

Richest 1% own half the world's wealth The wealthiest 1% of the world's population now owns more than half of the world's wealth,...

The GOP tax plan could negatively affect your Social Security benefits

Tax reform? No, tax CUTS for the wealthy!Without a guaranteed monthly stipend, the number of seniors living below the federal poverty level could...

After a Tax Crackdown, Apple Found a New Shelter for Its Profits

Apple found new island to shelter its billionsIt was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!