SEC’s post-crisis enforcement tops $3B

Enforcement actions taken by the Securities and Exchange Commission in response to the 2008 economic crisis have yielded company fines and investor relief totaling more than $3 billion, the agency says.

{mosads}To date, SEC probes have led to charges against 169 individuals and firms, including 70 chief executives, chief financial officers and other senior corporate officers, according to data issued by the agency.

The total money secured as part of the enforcement was placed at $3.02 billion, a total that includes penalties and monetary relief for harmed investors, according to the SEC.

The SEC is just one of several regulatory agencies that has sought to identify and penalize financial industry companies and executives who engaged in misconduct that contributed to the largest economic recession since the Great Depression.

A rundown of the agency’s enforcement actions is available here.