The SEC Enforcement Division issued its annual report outlining its priorities for the coming year and reviewing its fiscal year 2017 enforcement actions. The Commission brought a total of 754 enforcement actions, including 446 stand-alone actions and 196 follow-on actions, and imposed penalties totaling $3.79 billion. Of the Commission’s 446 stand-alone cases, each of investment advisory issues, securities offerings, and issuer reporting/accounting and auditing actions comprised approximately 20% of the total SEC Enforcement actions. The Commission also initiated actions relating to market manipulation, insider trading, and broker-dealers, each around 10% of the total. With respect to its priorities in the coming year, the Enforcement Division noted that it would focus on misconduct impacting retail investors, including through the SEC’s newly formed Retail Strategy Task Force, individual accountability, and cyber-enabled misconduct.