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Beneath the Headlines About SEC Enforcement During Trump’s Second Term

“Back to basics” is a popular refrain in describing SEC Enforcement during the second Trump Administration. In part, that implies the Commission has dropped cases against crypto firms, turned away from big-fine cases about...more

From Small Time Scammers to Established Firms, State Regulators Remain the Local Cop on the Beat: NASAA Releases Its 2025...

While the federal financial regulators largely remain furloughed due to the federal government shutdown, the release of the North American Securities Administrators Association (“NASAA”) 2025 Enforcement Report last week...more

False Claims Act: Recent Updates

On September 18, 2025, the Department of Justice announced that a New Jersey drydock and repair company paid more than $4 million to resolve an FCA investigation alleging that its subcontractors knowingly employed...more

Appeals Court Denies Challenge to SEC Rule Requiring Settling Parties not to Deny Liability

The SEC’s longstanding practice of requiring settling parties not to deny the charges against them, denounced as the “gag rule” by critics, recently withstood another legal challenge. ...more

What Government Contractors Can Expect During the Second Trump Administration

The Trump Administration will most likely move quickly to align the federal government’s priorities with the President’s own. While the Administration has not detailed all of its plans for government contracting/procurement,...more

SEC Enforcement Tea Leaves: Expected Priorities in the Second Trump Administration

How will President-elect Trump’s reelection impact the SEC’s enforcement priorities? We looked for clues from the first Trump Administration’s Enforcement program, and also from the agency’s current Republican Commissioners....more

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