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GGD-85-28 1 (1985-03-25)

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BY THE U.S. GENERAL ACCOUNTING OFFICE

Report To The Chairman, Subcommittee On

Oversight And Investigation

Committee On Energy And Commerce

House Of Representatives





Statistics On SEC's Enforcement Program






SEC is authorized by legislation to in-
vestigate suspected violations of the federal
securities laws and, where warranted, to
bring enforcement actions against sus-
pected violators. This report presents stat-
istics on SEC's enforcement activities, such
as number, type and age of investigations,
and number of actions for fiscal years 1977
through 1983. While data presented may
indicate level of effort and area of emphasis,
according to industry experts and SEC the
overall effectiveness of the program is dif-
ficult to measure because there is no reli-
able method for estimating the violative
conduct SEC has prevented.












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                                                        GAO/GGD-85-28
   C '-, Of                                             MARCH 25, 1985


5:3/5*73

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