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SEC vs. Brokers: Examining the Score

SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

Download a full copy of the SEC report here.

SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

And the number of examinations has also declined sharply over the past two years.

SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

Meanwhile, over the same time period the number of examiners has increased.

SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

The broker-dealer population has been on the decline since 2008.

SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score
SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score
SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score
SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score
SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

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SEC vs. Brokers: Keeping Score SEC vs. Brokers: Keeping Score

SEC vs. Brokers: Keeping Score


If there is a spread in how closely brokers are watched by regulators, it is widening. The SEC, by its own, count is examining far fewer brokers' operations than just two years ago. Here are the numbers, that show the cost of complexity in bringing cases against broker-dealers.

In 2008, when the global credit crisis exploded, the SEC conducted 772 examinations of the operations of brokers and dealers of financial instruments in the United States. In 2010, that number fell to 490 examinations. The cause? The increasing complexity of the exams that take place. Here are the numbers that result, when the SEC takes on brokers.

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