SEC lagging in collection of fines - Securities and Exchange Commission - Brief Article

California CPA, Oct, 2003

The SEC has only collected about $190 million of the almost $480 million in fines it levied between 1997 and 2002, a recent GAO report found.

The GAO attributed most of the discrepancy to a few large cases, many of which are still pending.

Although the GAO report marked an improvement in collections over a similar report done in 2001, the SEC is still in the process of overhauling its database to track delinquent payments.