Action Against Advisers, Brokers Led to Record Year For SEC
Moves against investment advisers by the Securities and Exchange Commission have climbed 30 percent this fiscal year, while those against broker-dealers rose at twice that pace.
Stephen Taub
December 17, 2025
Raj Rajaratnam, co-founder of Galleon Group LLC, right, exits federal court with his attorney Terence Lynam in New York, U.S., on Thursday, Oct. 13, 2011. Rajaratnam was sentenced to 11 years in prison, one of the longest terms ever for insider trading, though less than half of the maximum sought by the government. Photographer: Peter Foley/Bloomberg *** Local Caption *** Raj Rajaratnam; Terence Lynam
Peter Foley/Bloomberg
