SEC lagging in collection of fines.

• Position: Securities and Exchange Commission - Brief Article

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...