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.

 

SEC Enforcement Activity: Public Companies and Subsidiaries (May 2018)

Key takeaways from the SEED research report for the first half of FY 2018 include:

  • The SEC filed 15 new actions against public companies and subsidiaries in the first half of FY 2018, an almost 70 percent decline from the first half of FY 2017.
  • The majority (67 percent) of public company and subsidiary actions in 1H FY 2018 did not have an individual defendant.
  • Of the five new actions with individual defendants in 1H FY 2018, four involved Issuer Reporting and Disclosure allegations.
  • The Finance, Insurance, and Real Estate industry accounted for almost 70 percent of all public company and subsidiary actions in 1H FY 2018.
  • In the first half of FY 2018, 87 percent of public company and subsidiary actions had concurrent resolutions.
  • More than half of public company and subsidiary defendants cooperated with the SEC in 1H FY 2018.
  • Monetary settlements in public company and subsidiary actions declined to $65 million in 1H FY 2018, the lowest semiannual total in SEED. Similarly, the average monetary settlement of $4.3 million in 1H FY 2018 was significantly below the next-lowest semiannual average.

Prior SEED and Cornerstone Research Reports 


This project is a collaboration between these organizations:

NYU Law Logo NYU Stern logo Cornerstone Logo

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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.