Top 5 SEC Enforcement Developments For January 2022

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

• What remedial measures actually matter to the SEC?
• What are the driving principles animating leadership in the SEC's Enforcement Division?
• How has the SEC fared in court, especially in the context of its more creative insider trading cases?
• What can we learn from the Elizabeth Holmes trial?

The answers to these questions and more are here in our January 2022 Top 5 list.

1) On January 28, 2022, the SEC announced a settled, no-penalty enforcement action against HeadSpin, Inc., a private technology company based in Palo Alto, CA. The SEC has long emphasized the importance of cooperation. It took the opportunity in the announcement of the settlement against the company (which followed a scienter-based action