2025年,SEC和PCCOB的执法行动达到多年最低点,案件和处罚急剧下降。 SEC and PCAOB enforcement actions hit multiyear lows in 2025, with sharp declines in cases and penalties.

美国证券交易委员会和PCAOB的执法行动在2025年达到多年低点,美国证券交易委员会仅发起了10项会计和审计执法行动,比2024年减少了68%,并收取了3100万美元的和解金,低于9.07亿美元. Enforcement actions by the SEC and PCAOB hit multiyear lows in 2025, with the SEC launching only 10 accounting and auditing enforcement actions—68% fewer than in 2024—and collecting $31 million in settlements, down from $907 million. 多数SEC行动是在Gary Gensler主席任期的最后几周发生的,在Paul Atkins主席于4月就职后,只有四个行动开始。 Most SEC actions occurred in the final weeks of Chair Gary Gensler’s term, with only four beginning after Chair Paul Atkins took office in April. 常设仲裁院最后确定了37项执法行动,这是自2021年以来最低的,罚款总额达1 760万美元,比2024年少50%,其中98%以上是在离任主席埃丽卡·威廉斯7月离开之前实施的。 The PCAOB finalized 37 enforcement actions, its lowest since 2021, with penalties totaling $17.6 million—50% less than 2024—over 98% of which were imposed before outgoing Chair Erica Williams left in July. 公司在审计行动审计答复者中超过三分之二,高于2024年的一半。 Firms accounted for over two-thirds of PCAOB audit action respondents, up from half in 2024. 尽管执法量下降,但证券集体诉讼中位结算达到近30年的最高额1 730万美元。 Despite the drop in enforcement, median securities class action settlements reached a near three-decade high of $17.3 million.