A new report based on data from the Securities Enforcement Empirical Database (SEED) offers some interesting angles on the SEC’s enforcement actions against public companies since FY 2010. Among other things, the report shows that since FY 2010, SEC enforcement has undergone a “dramatic shift” in its choice of venue for bringing cases against public company defendants, with a significant move toward administrative proceedings.
As I discussed here in October 2015, , SEED was recently launched as a joint venture of the NYU Pollack Center for Law & Business and Cornerstone Research. SEED tracks SEC enforcement actions against public companies going back to the beginning of the SEC’s FY 2010 (October 1, 2009), including defendants’ names and types, violations, venues, and resolutions.
