As a follow up to its recent report, Mitigating the Risk of Common Fraud Schemes: An analysis of SEC Enforcement Actions, the Anti-Fraud Collaboration (AFC) analyzed data collected during its comprehensive review of 204 SEC enforcement actions to provide additional insights into various data attributes related to the 140 in-scope fraud schemes (AFC report).
The scope and review period of this supplemental analysis remained the same as that noted in the original report, which covered publicly available data released by the Securities and Exchange Commission (SEC) from January 1, 2014 through June 30, 2019. The 531 enforcement actions released by the SEC during the review period included cases involving a wide range of alleged misconduct, related but not limited to, intentional and non-scienter frauds, issuer reporting and disclosures, auditor shortcomings, absent or insufficient internal controls, deficient disclosure controls, non-GAAP measures, the Foreign Corrupt Practices Act, securities offerings, insider trading, broker dealer, and cyber-related misconduct.
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| Attachment | Size |
|---|---|
 AFC_mitigating-the-risk-of-common-fraud-schemes-supplemental-analysis_2022-05.pdf | 1.37 MB |