Top 5 SEC Enforcement Developments For February 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. In a month with multiple dissents from individual Commissioners in settled enforcement actions, this installment covers:

• SEC charges against a major U.S. video game company for alleged disclosure control deficiencies and violations of the SEC's whistleblower protection rule;
• The SEC Division of Examinations' announced priorities for 2023;
• An SEC settlement requiring a crypto company to stop its staking program;
• SEC charges against the LDS church for allegedly failing to disclose hidden investments; and