SEC Commissioner Elisse B. Walter testifies today before the House Committee on Financial Services. Her prepared testimony is a lengthy (32 pages) discussion of the SEC’s Enforcement Division, but it is largely just a recap of the Division’s mission and recent cases. Among the items in her testimony that appeared to be new information (new to me, at least), are the following:
The Commission expects significant additional distributions to investors this year in large cases including AIG ($800 million), Invesco/AIM ($375 million), and Alliance ($321 million).
