Top 5 SEC Enforcement Developments For July 2022

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

• A framework for CCO liability;
• Whether scheme liability claims under Rule 10b-5 require more than misstatements or omissions;
• Charges against a former Coinbase product manager in a crypto asset insider trading action;
• A blast of insider trading actions generated by the SEC's own data analysis; and
• Fines for three financial institutions for inadequate identity theft controls, in violation of Regulation S-ID.