Trump's business watchdog has seemingly eased up on corporate crackdowns
Jay Clayton took over the Securities and Exchange Commission in May, after Obama appointee Mary Jo White stepped down in January.
From February through September of this year, the SEC collected $127 million in civil case penalties against corporations, according to a report from Politico. This is down from $702 million during the same period last year.
Clayton has reportedly shifted the SEC's focus from corporations to fraud involving retail investors.
The Securities and Exchange Commission app
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