In good news for potential SEC whistleblowers, since 2013 the number of SEC Enforcement actions against public companies and their related subsidiaries has been steadily rising.
According to a joint report issued two days ago by the NYU Pollack Center for Law & Business and Cornerstone Research (the “Report”), the total number of actions that the SEC brought against public companies and their subsidiaries from 2013-2015 were as follows:
2013: 41 total actions brought
2014: 55 total actions brought
2015: 84 total actions brought
In just the first half of 2016 alone, the SEC has already brought 43 enforcement actions against public companies and their subsidiaries. (Source: Figure 1 on page 2 of the Report.) That is already more than the total number of actions that the SEC brought against public companies and their subsidiaries in all of 2013.
These figures put the SEC on pace to bring 86 total enforcement actions against public companies and their subsidiaries this year. This would exceed the SEC’s totals from each of the past three years.
It would also be more than double the total number of enforcement actions brought against public companies and their subsidiaries in all of 2013.
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As an SEC whistleblower law firm, The Pickholz Law Offices has represented employees, officers, and others in SEC whistleblower cases involving financial institutions and public companies listed in the Fortune Top 10, Top 20, Top 50, Top 100, Top 500, and the Forbes Global 2000. We were the first law firm ever to win an SEC whistleblower reward for a client on appeal to the full Commission in Washington, an achievement that Inside Counsel magazine named one of the five milestones of the SEC whistleblower program.
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