Top 5 SEC Enforcement Developments For November 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's installment covers:

• Charges against the founder and three promoters of a cryptocurrency trading service operating as a Ponzi scheme;
• A ruling that a blockchain's digital token qualifies as a security;
• An action against a registered investment advising firm for failing to follow its own ESG policies and procedures;
• The SEC's remarks at the Securities Enforcement Forum, with a focus on the Commission's enforcement trends for the 2022 fiscal year; and