In line with the SEC chief, the company took 700 enforcement actions in fiscal 2020, a "substantial" quantity throughout teleworking hours

© Reuters. FILE PHOTO: Chairman Clayton attends an open meeting of the US Securities and Exchange Commission to propose a change in the definition of an "accredited investor" in Washington

From Katanga Johnson

WASHINGTON (Reuters) – The head of the US Securities and Exchange Commission said Thursday that the agency took 700 enforcement actions in fiscal 2020, a "significant" amount after March 15.

In a virtual address to kick off the agency's annual conference in partnership with the Practicing Law Institute, Jay Clayton said the agency also received more than $ 4 billion in financial remedies from last year.

The SEC has also reviewed the disclosure of more than 10,700 funds – including more than 1,200 new funds – in 2020, up 7% year over year, Clayton added.

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