Warren's fiery letter directly put the SEC on the hot seat. 456 cases vs the ten-year average of 765 cases, numbers don't lie.

Warren writes to the SEC Chair, accusing him of lying to Congress about enforcement actions, which could be false statements or criminal conduct. Data from 2025 shows that the SEC added 456 enforcement cases last year, with 256 from the current administration and 200 from the previous administration, significantly below the average of 765 cases over the past decade. Warren states that staffing shortages and leadership turmoil may weaken investor protection and questions political favoritism; the SEC declined to comment.