Top 5 SEC Developments For June 2023

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources. This month we examine:

• The SEC's continued focus on crypto;
• A no-penalty settlement in a case involving executive perks in which the SEC recognized the entity's self-reporting and cooperation;
• Two accounting-related enforcement actions against a SPAC auditor and a nutritional supplement company;
• An SEC settlement with a registered broker-dealer and investment adviser related to the deletion of millions of emails, which were required to be preserved; and
• Charges against 13 defendants in four separate alleged insider trading schemes.