In the first 20 months of the Trump administration, compared to the last 20 months of the Obama administration, the Securities and Exchange Commission (SEC) saw a 62% decline in penalties and illicit profits returned, dropping from $5 billion to $1.9 billion. Similarly, the Department of Justice (DOJ) experienced a 72% decrease in penalties from criminal prosecutions, falling from $14.15 billion to $3.93 billion. Furthermore, the DOJ brought only 17 cases of misconduct by the banking industry, down from 71 in the comparable period.
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