The US Securities and Exchange Commission (SEC or Commission) announced on February 24, 2026 comprehensive updates to its Enforcement Manual, marking the first revision since 2017. These changes, aimed at reinforcing...more
The US Securities and Exchange Commission’s fiscal year 2025, which ended September 30, 2025, and the first quarter of fiscal year 2026 were marked by key changes in leadership, the government shutdown, and a “back to basics”...more
2/24/2026
/ Corporate Governance ,
Enforcement Actions ,
Enforcement Priorities ,
Fraud ,
Investigations ,
Investors ,
Leadership ,
Publicly-Traded Companies ,
Regulatory Oversight ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Regulation
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from January 2026. ...more
2/9/2026
/ Anti-Money Laundering ,
Disclosure Requirements ,
Disgorgement ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Insider Trading ,
Investment Advisers Act of 1940 ,
SEC v Jarkesy ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation ,
Securities Violations
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from November 2025. In November 2025: The Division of Examinations of the Securities and Exchange Commission...more
12/17/2025
/ Anti-Money Laundering ,
Broker-Dealer ,
Capital Markets ,
Clearing Agencies ,
Cybersecurity ,
Data Privacy ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Regulation SHO ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Self-Regulatory Organizations
The US Court of Appeals for the Ninth Circuit recently affirmed dismissal of a securities claim against an auditor, holding it was not strictly liable for alleged misstatements in its client’s initial public offering....more
The US Securities and Exchange Commission’s recent policy statement, Acceleration of Effectiveness of Registration Statements of Issuers with Certain Mandatory Arbitration Provisions, indicated that, in the Commission’s view,...more
10/22/2025
/ Capital Markets ,
Dispute Resolution ,
Initial Public Offering (IPO) ,
Investors ,
Mandatory Arbitration Clauses ,
Policy Statement ,
Registration Statement ,
Regulatory Reform ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Shareholders
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from September 2025.
...more
10/8/2025
/ CFTC ,
Cross-Border ,
Cross-Border Transactions ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Harmonization Rules ,
Insider Trading ,
Investment Adviser ,
Ponzi Scheme ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Settlement Offer ,
Waivers
The US Securities and Exchange Commission (SEC) brought a number of notable enforcement proceedings against public companies in fiscal year 2024, which ended September 30, 2024, and into the first quarter of fiscal year 2025....more
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments and cases from October 2024. In October 2024: As discussed in a recent LawFlash, the US Securities and...more
Since December 2021, the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have been conducting a sweep of Wall Street’s “off-channel” communications—such as text messages, iMessages,...more
Due to a recent agreement between the Public Company Accounting Oversight Board and Chinese securities regulators, many US exchange–listed companies audited by accounting firms based in mainland China and Hong Kong may be...more
So far in 2021, we have seen more than 500 Special Purpose Acquisition Companies (SPACs) go public and raise more than $123 billion, and more than 160 of these “blank check firms” complete mergers with or acquisitions of...more
12/2/2021
/ Acquisitions ,
Breach of Duty ,
Corporate Governance ,
Financial Industry Regulatory Authority (FINRA) ,
Initial Public Offering (IPO) ,
Mergers ,
Publicly-Traded Companies ,
Putative Class Actions ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Special Purpose Acquisition Companies (SPACs)