Where does all the cash settlements / penalties paid to SEC by financial institutions go?
Financial institutions refer to financial companies that provide various financial services to their customers in order to make huge profits. Some examples include banking companies, Non Banking Financial Institutions, Investment Banks etc.
Answer and Explanation:
All the cash settlements as well as penalties paid to SEC by financial institutions is returned back to the investors or stakeholders who suffered due to violations of securities law.
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Learn more about this topic:
from Corporate Finance: Help & ReviewChapter 8 / Lesson 7