In October 2023, the Securities and Exchange Commission (SEC) made several significant decisions and enforcement actions that community members in the legal profession should take note of. Here, we summarise the top 5 SEC developments of last month, aiming to provide insights and updates on these prominent cases for corporate lawyers and compliance professionals.
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In a significant enforcement action, the SEC charged prominent software company SolarWinds along with its Chief Information Security Officer with fraud and internal control failure. Full details can be found here.
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In a surprise decision, the SEC dropped its charges against two executives from an undisclosed cryptocurrency company. For more information on this development, please check out the full report.
Unfortunately, no additional information is available at this time on the remaining major SEC developments for October 2023. This brief overview has been curated based on information found in an article published by Morrison & Foerster LLP. To stay updated and informed, we encourage our readers to check back later for further details as they become available.