SEC Chairman Says Agency Will Not Relax Its Enforcement Strategy

Gary Gensler, the chairman of the US SEC, stated in his speech at the Washington Securities Law Forum on Wednesday that the SEC continues to actively take enforcement actions against fraudsters, financial companies, and cryptocurrency companies. As of September 30, the enforcement statistics show that the SEC has handled judgments and orders worth $5 billion and 780 actions. Last year, the SEC filed 760 cases and imposed a record $6.4 billion in fines. However, Gensler stated that these numbers "only tell part of the story". He emphasized in his speech that even if the SEC faces "enforcement regulation" and questions about its increased caseload, the agency will not relax its enforcement strategy and is willing to resort to the courts to complete its actions.