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Democrats vow greater scrutiny of SEC enforcement next Congress

Semafor reports that SEC enforcement actions and penalties fell to multi-decade lows amid budget and staff reductions under the Trump administration. It says some viewed the figures as consistent with the agency’s stated aim of encouraging more IPOs. Democrats rebuked the decline and vowed greater scrutiny of the enforcement program in the next Congress. An SEC official cautioned that activity and effectiveness are not the same; a law professor warned that less enforcement brings greater fraud risk.

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