"SEC Speaks" Enforcement Summary: What You Need To Know

On Tuesday, May 20, representatives from the Securities and Exchange Commission's (SEC) Division of Enforcement presented at Practicing Law Institute's SEC Speaks, highlighting a renewed focus on investor harm and individual accountability, as well as several organizational and procedural updates that may impact Division investigations.

ENFORCEMENT PRIORITIES AND FOCUS AREAS

Although Sam Waldon, Acting Director of Enforcement, challenged the characterization of changes at the SEC as "aggressive," he acknowledged that the industry should anticipate a reallocation of resources toward core areas of historical focus: insider trading, accounting and disclosure fraud, offering frauds, market manipulation, and breaches of fiduciary duty by investment advisers.