Top 5 SEC Enforcement Developments For September 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, which was an active one as the SEC Division of Enforcement closed out its fiscal year. This month we examine:

• A rare Regulation FD action that could be headed to a jury trial;
• Charges against a broker-dealer and investment adviser for failing to guard 15 million customers' personal identifiable information, or "PII";
• An insider trading action involving an allegedly improper Rule 10b5-1 plan;
• A significant negligence settlement against a major aerospace company and its former CEO for failing to disclose safety issues in public statements regarding airplane crashes; and