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The SEC's September Surge, Part II: Boosting Stats Through Deregistration "Filler" Cases?

Bruce Carton | October 13, 2008

As I wrote about here recently, SEC enforcement actions surge each September as the SEC tries to boost its stats for the fiscal year, which ends September 30. The WSJ had an interesting article last week that acknowledged this issue and digs another level down to ask whether the SEC is bringing record numbers of "deregistration" cases to provide filler on its numbers.

Although the SEC has not yet announced the final figure for its 2008 fiscal year, SEC Chairman Christopher Cox stated on Wednesday that this year was the enforcement division's second-best on record, which would put it somewhere between the 656 enforcement cases brought in fiscal 2007 and the record 679 actions in fiscal 2003 (see the chart in this post for statistics dating back to 2001).

In an article last week...

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