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Updated SEC Enforcement Manual Emphasizes Engagement and Transparency

On February 24, 2026, the US Securities and Exchange Commission (SEC) announced major updates to its Enforcement Manual (Manual), a guidance document the SEC staff uses when conducting investigations of potential securities...more

Major Shift in SDNY’s Voluntary Self-Disclosure Program

On February 24, 2026, the US Attorney’s Office for the Southern District of New York (SDNY) announced its revised Voluntary Self-Disclosure and Cooperation Program for Financial Crimes....more

3 Cases Highlight SEC Distinction Between Exec, Co. Liability

On Jan. 16, the U.S. Securities and Exchange Commission announced settled charges against two former executives of Spero Therapeutics LLC, a public biopharmaceutical company, for misleading investors about the regulatory...more

Going Public? Know These Seven SEC Priorities for 2026

As companies gear up for 2026, what happens at the SEC could smooth the path for public capital raising efforts. However, with “lessons learned” from the government-wide shutdown still fresh in our memories – and becoming...more

SEC Changes Course, Concludes Mandatory Arbitration Provisions Do Not Conflict With Federal Securities Laws

The US Securities and Exchange Commission (SEC) recently changed its longstanding position disfavoring the inclusion of certain mandatory arbitration provisions in corporate certificates of incorporation or bylaws. As Chair...more

SEC Intensifies Oversight of Foreign Companies that Participate in U.S. Capital Markets

According to NERA, a leading consulting and expert firm, the share of foreign-based companies listed on U.S. stock exchanges has risen steadily in the last decade, from 17.4% in 2016 to 26.9% in 2025. As noted in our...more

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