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ARTICLE · 22 MARCH 2024

SEC Enforcement – Top Developments From February 2024

Willkie Farr & Gallagher
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In February, recordkeeping and Regulation Best Interest actions continued to pick up steam, while the Supreme Court provided clarification regarding the applicability of whistleblower protections.

United StatesEmployment and HR
Adam S. Aderton
Adam S. Aderton
Elizabeth Gray
Elizabeth Gray
A. Kristina Littman
A. Kristina Littman
Erik Holmvik
Erik Holmvik

In February, recordkeeping and Regulation Best Interest actions continued to pick up steam, while the Supreme Court provided clarification regarding the applicability of whistleblower protections. In this alert we briefly summarize the top five securities enforcement developments from the last month:

  • The most recent round of recordkeeping enforcement actions brought against sixteen entities;
  • A new Regulation Best Interest action addressing pricing discrepancies within a broker-dealer's IRA product;
  • An action against an investment firm for failing to disclose the economics of an influencer's ETF promotional agreement;
  • Clarification from the Supreme Court on when whistleblower retaliation protections are triggered; and

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