Enforcement Action

Publication policy of the SEC regarding the retention of the details of enforcement action on the SEC website:
Convictions – Indefinite Compounding – Three years from the date of compounding Warning – One year from the date of warning Publication of Notice of Malfeasance – One year from the date of publication

Synopsis of the enforcement action thus far taken by the SEC

Insider Dealing

Offences against 17 individuals pertaining to 7 cases of Insider Dealing were compounded. Further, warning letters were issued to 7 individuals based on the findings of 3 investigations conducted into suspected instances of Insider Dealing.
Market/Price Manipulation

Offences against 17 individuals and 1 entity were compounded. Further, warning letters were issued to 6 individuals.
Front Running

An offence against 1 individual was compounded and warning letters were issued to 2 individuals.
Failure to immediately disclose material information

4 individuals were convicted and offences against 16 individuals and 2 entities were compounded. Further, warning letters were issued to 2 individuals.
Non-provision of information and provision of false and/or misleading information to the SEC

Offences against 3 individuals were compounded and a warning letter was issued to a stock broking firm.
Submission of false/fictitious financial statements to the CSE

1 person was convicted and the offence against another was compounded.