John Lekberg

Photo of John Lekberg.

SEC Chairman Jay Clayton's recent remarks on the ATLAS project:

A final example of Enforcement’s use of data analytics is the ATLAS initiative, developed in the Philadelphia Regional Office by OCIE working with the Division of Enforcement. ATLAS is an example of how the Commission’s employees are collaborating to develop efficient and effective tools to identify misconduct in our markets. ATLAS allows our staff to harness multiple streams of data, including blue sheets, pricing, and public announcements. Typical use cases of ATLAS include:

The ATLAS team recently used advanced data analysis technology to identify firms that failed in their obligation to submit accurate blue sheet data to the SEC. ATLAS-generated leads led to the identification of over 80 million erroneous reports by three firms resulting in civil enforcement actions assessing over $6 million in penalties. ATLAS has also generated many other promising leads using sophisticated artificial intelligence software.


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