The SEC brought 84 actions against public companies and their subsidiaries in FY 2015, compared to 55 actions in the previous fiscal year. In the first half of FY 2016, the SEC filed 43 new enforcement actions against public companies and their related subsidiaries. This research draws on the Securities Enforcement Empirical Database, which includes information on SEC enforcements against public companies, as well as recently added data on their subsidiaries. The new data in SEED reveal that the majority of SEC enforcement actions against subsidiaries of public companies focus on financial services firms. The SEC has brought charges against subsidiaries of financial firms more often than their parent companies.