Top 5 SEC Enforcement Developments For August 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:

• The SEC's continued prioritization of registration requirements in the cryptocurrency space;
• Three cases alleging financial reporting violations against public companies and their former executives, including cases continuing the SEC's recent trends of clawing back executives' compensation under Sarbanes-Oxley Act ("SOX") Section 304 and of rewarding meaningful cooperation; and
• The SEC's adoption of final rules implementing the pay-versus-performance requirement as required by Congress in the Dodd-Frank Act.