Pollack Center for Law & Business

SEED - SEC Enforcement Actions Database

The Securities Enforcement Empirical Database (SEED) tracks and records information for SEC enforcement actions filed against public companies traded on major U.S. exchanges and their subsidiaries. Created by the NYU Pollack Center for Law & Business in cooperation with Cornerstone Research, SEED facilitates the analysis and reporting of SEC enforcement actions through regular updates of new filings and settlement information for ongoing enforcement actions. The variables tracked include defendant names and types, violations, venues, and resolutions. 

Our goal is to shed light on the SEC’s securities law enforcement decisions.  SEED is the first public database to provide easily searchable and verified data to researchers, counsel, and corporations, as well as regular reports on developments and trends.
-- Professor Stephen Choi, Director of the Pollack Center for Law & Business.

 

Public Company Related Actions by Enforcement Venue
Public Company Actions By Enforcement Venue FY 2010-2016 (November 15, 2016)

This report may be viewed here.  Key takeaways from FY 2016 include:

  • The 92 actions brought against public company-related defendants was the highest number for any fiscal year in SEED.
  • Of all independent actions, 17 percent were against public company-related defendents. 
  • Issuer Reporting and Disclosure remained the most common allegation, accounting for 26 percetn of public dompany-related actions.
  • Actions with Investment Advisor/Investment Companies allegations surpassed the total for the previous three years combined.
  • All but three public company-related defendants settled concurrently with the filing of the action.
  • Three of the top ten monetary settlements were reached, with two requiring admission of guilt.
  • The SEC noted cooperation by public company-related defendants in 55 percent of the settlements.

Prior SEED and Cornerstone Research Reports 


This project is a collaboration between these organizations:

NYU Law Logo NYU Stern logo Cornerstone Logo

Start a SEED Search

Pollack Center for Law & Business 

For press inquiries about NYU, please contact Michael Orey at Michael.Orey@nyu.edu.

For information about this site, including access for academic scholars, please contact law.seed@nyu.edu.


Cornerstone Research 

For press inquiries about Cornerstone Research, please contact Terri Viera at tviera@cornerstone.com.

For information about Cornerstone Research materials on this site, please contact sec_research@cornerstone.com.


SEED Research Report 

To view the recently released report on SEC Enforcement Activity Against Public Companies and Their Subsidiaries, please click here.