US SEC enforcement penalties fell in FY2023 even as industry bars rose -official

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The U.S. Securities and Exchange Commission (SEC) levied $5 billion through enforcement actions and barred more than 100 individuals from serving as company ...

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission is seen at their headquarters in Washington, D.C.WASHINGTON - The U.S. Securities and Exchange Commission levied $5 billion through enforcement actions and barred more than 100 individuals from serving as company directors and officers in fiscal 2023, the agency's chair Gary Gensler said on Wednesday.

The SEC also barred 133 individuals from serving as directors and officers, the highest in a decade, Gensler said. Greater use of such bans, including one against a former McDonald's Corp CEO, come as the agency has sought to focus on individual accountability and misconduct. 'Probably the best use of cash': Warren Buffett likes businesses that dole out dividends — but he absolutely loves it when they do this instead. 3 'share cannibals' to watch now

Pfizer will still benefit from the 25% stake it retained as well as full rights to the drug outside the US and Japan.Mortgage holders in Canada are largely coping with higher interest rates but other borrowers are experiencing stress, particularly people who took out loans to buy motor vehicles, the Bank of Canada said on Wednesday. Indicators of financial stress point mainly to non-mortgage holders, it said in its quarterly Monetary Policy Report.

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