Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 04 SEPTEMBER 2024

Top 10 Securities Enforcement Developments Of Summer 2024

Gesmer Updegrove LLP
Gesmer Updegrove LLP
Contributor
Gesmer Updegrove LLP

Gesmer Updegrove LLP

The Firm Gesmer Updegrove LLP is a Boston-based law firm serving technology companies, emerging...

View firm profile
Explore more from Gesmer Updegrove LLP

On July 18, 2024, Judge Paul Engelmayer of the Southern District of New York issued a significant ruling in the case of SEC v. SolarWinds Corp.

United StatesCorporate/Commercial Law
Braeden Anderson
Braeden Anderson

In the dynamic landscape of securities regulation, staying informed is critical. In this review, we highlight the top 10 securities enforcement developments of summer 2024, offering insights into the latest trends, landmark cases, and strategic shifts that are likely to influence compliance strategies and corporate governance moving forward. Whether you're navigating these issues in-house or advising clients, understanding these developments is essential for staying aligned with the evolving standards of securities law.

1. SDNY Judge Rules on SEC's Cybersecurity Enforcement in SolarWinds Case

On July 18, 2024, Judge Paul Engelmayer of the Southern District of New York issued a significant ruling in the case of SEC v. SolarWinds Corp. The court partially dismissed the SEC's first cyber enforcement action related to internal accounting control violations under Section 13(b)(2)(B). The judge ruled that cybersecurity controls do not qualify as internal

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Healthcare Trends & Transactions Q2 2026

Healthcare M&A activity maintained steady momentum through Q2 2026, driven by physician practice consolidation, AI-enabled technology acquisitions, and strategic outpatient expansion. Private equity investment persisted despite intensifying regulatory scrutiny of MSO arrangements, while digital health buyers paid significant premiums for platforms demonstrating production-grade AI capabilities and proprietary data assets.
United StatesCorporate/Commercial Law
Bass, Berry & Sims PLC
Bass, Berry & Sims PLC
Article

CLIENT ALERT: 2026 Mid-Year Update On SEC And CFTC Enforcement

The SEC and CFTC have fundamentally shifted their enforcement approach in 2026, moving away from high-volume technical violations toward targeted actions addressing serious fraud and market manipulation. This mid-year update examines new leadership priorities, enhanced inter-agency coordination, revised cooperation policies, the elimination of "no-deny" settlement provisions, and a landmark Supreme Court ruling on disgorgement that collectively reshape the regulatory landscape for market participants.
United StatesCorporate/Commercial Law
Sher Tremonte
Sher Tremonte
Article

Sanofi And Regeneron Expand Immunology Collaboration In Deal Worth Up To $8 Billion

Sanofi and Regeneron Pharmaceuticals announce a major expansion of their immunology partnership, committing up to $8 billion to develop and commercialize four long-acting antibodies targeting key inflammatory pathways. The collaboration includes a $1 billion upfront payment and milestone-based payments, with both companies sharing development costs and future profits equally.
United StatesCorporate/Commercial Law
Goodwin Procter LLP
Goodwin Procter LLP
Article

FINRA Rule 3290 Approved: Rebuilding Outside-Activities Supervision

The SEC has approved FINRA's consolidated Rule 3290, which will replace existing outside-activities rules for broker-dealer employees. While approval marks a regulatory milestone, firms must distinguish it from effectiveness and use the transition period strategically to rebuild disclosure forms, risk assessment frameworks, supervisory conditions, and compliance records before the rule takes effect.
United StatesFinance and Banking
Gesmer Updegrove LLP
Gesmer Updegrove LLP
Article

CFTC Scrutiny Of Polymarket Puts Prediction-Market Compliance In Focus

The CFTC's investigation into Polymarket signals a regulatory shift beyond jurisdictional questions to focus on operational controls, marketing practices, and consumer protection in prediction markets. As regulators scrutinize promotional content, simulated trading, and U.S. access restrictions, platforms face heightened compliance expectations around affiliate supervision, influencer disclosures, and the accuracy of customer-facing claims.
United StatesFinance and Banking
Gesmer Updegrove LLP
Gesmer Updegrove LLP
Article

SEC’s 2027 Examination Priorities Put Private Credit, Artificial Intelligence, Conflicts Of Interest, And Market Infrastructure Under Scrutiny

The SEC's fiscal year 2027 examination priorities expand regulatory scrutiny beyond traditional fiduciary obligations to encompass automated investment advice, private credit markets, tokenization, and extended trading hours. How will investment advisers, broker-dealers, and market infrastructure providers adapt their compliance programs to address algorithmic transparency, private-market liquidity risks, and emerging technologies while maintaining supervisory controls that reflect actual business operation
United StatesFinance and Banking
Gesmer Updegrove LLP
Gesmer Updegrove LLP
Article

Digital IDs And Customer Identification: What FinCEN’s New FAQs Mean For Onboarding

Financial institutions face new questions about accepting state-issued mobile driver's licenses and other government-issued verifiable digital credentials under customer identification programs. The September 2026 guidance from FinCEN and federal banking agencies clarifies when banks and credit unions may rely on these digital credentials, but leaves critical implementation decisions about technology, validation, and reasonable-belief standards to each institution.
United StatesFinance and Banking
Gesmer Updegrove LLP
Gesmer Updegrove LLP
Article

Delaware Earnout Decisions And Lessons For Founders And M&A Professionals

Two recent Delaware Court of Chancery decisions illustrate why the answer belongs in the acquisition agreement. In re Saama Technologies Litigation, decided September 28, 2026, and ACON Igloo Holdings, LLC v. Dometic Corporation, decided September 30, 2026, address disputes over efforts to achieve an earnout and the buyer’s response. For deal participants, the practical lesson is to negotiate the operating rules and calculation process with the same care as the headline payout.
United StatesCorporate/Commercial Law
Gesmer Updegrove LLP
Gesmer Updegrove LLP