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SEC Enforcements Highlight Risk of Noncompliance

By John G. Moon and Kenneth M. Silverman
November 01, 2024

The United States has the largest securities market in the world, with a value of over $55 trillion. Foreign entities represent a substantial portion of U.S. market activity — cross-border investors hold approximately 20 percent of all U.S. securities across major asset types, including approximately 17% of all equity securities traded on U.S. stock markets.

Foreign portfolio holdings of U.S. securities reached $26.9 trillion as of June 30, 2023, representing a $2 trillion increase from June 2022. During the same period, equity holdings overall increased by $1.5 trillion. See, "Foreign Portfolio Holdings of U.S. Securities as of June 30, 2023," Department of the Treasury.

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