Navigating The Future: Key Takeaways & Insights From The 2024 Securities Enforcement Forum Central

During the Securities Enforcement Forum Central hosted by Securities Docket in Chicago, professionals across the private and public sectors participated in a series of panels covering many of the recent developments in the securities enforcement field. Below is a summary of Alexander Cohen and Emily Fulginiti's key takeaways and insights that every SEC registrant should review.

Post-Jarkesy Collateral Attacks

One of the concerns following the Supreme Court's ruling in SEC v. Jarkesy was that other agencies may face similar collateral attacks to its administrative proceedings. While the full impact of Jarkesy remains an open question, the Jarkesy-esque challenge has already been asserted in connection with a FINRA proceeding.¹ In that case, the Court rejected the collateral attack by punting on the question of whether the underlying action was properly brought before a FINRA forum. The Court dismissed the respondent's arguments based upon a lack of subject matter