Top 5 SEC Enforcement Developments For April 2022

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:

• Whether the SEC is broadening the scope of what constitutes violations of whistleblower protections under Rule 21F-17;
• The latest on the Division of Enforcement's EPS Initiative and earnings management;
• How advisers should be dealing with alternative data providers and expert networks;
• The SEC's landmark Archegos action; and
• A recent action from the Enforcement Division's Climate and ESG Task Force.

1. SEC Expands Its Interpretation of Tipster Protection Rules