The U.S. Securities and Exchange Commission (SEC) pursued fewer enforcement actions in 2025—an intentional outcome, the commission said.
The SEC took in a total of $17.9 billion in fiscal year 2025, of which $10.8 billion was disgorgement of ill-gotten gains and prejudgment interest, and $7.2 billion was from civil penalties, according to the commission’s annual enforcement results report. The federal fiscal year runs from October 1 through September 30.
