The year 2023 brought forth several amendments and rules for the Securities and Exchange Commission (SEC), as highlighted in an informative webinar conducted by Ulmer & Berne LLP. The key elements discussed in the webinar, including everything from enhanced customer protection practices to conflict of interests with predictive data analysis, are of great importance to legal practitioners working in corporate environments.
The webinar, aptly titled ‘What was new at the SEC in 2023?’, was led by Ulmer partner Frances Floriano Goins, who provided a comprehensive overview of the recent changes at the SEC. Here are some of the significant issues discussed during the webinar:
- Enhanced customer protection practices
- Disclosure of cybersecurity and risk management strategy
- Conflicts of interest related to predictive data analysis
- Enforcement initiative results
Among the discussed topics, enhanced customer protection practices and the disclosure of cybersecurity and risk management strategy stood out prominently as issues of concern in the industry. With increasing digitalization and the rising number of cyber attacks on corporations, these reforms highlight the SEC’s efforts to respond proactively to the shifting landscape of securities trading. The enforcement initiative results also garnered attention, indicating the measures taken by the regulator to enforce its policies and punish non-compliance.
For those unable to attend, the webinar offered an invaluable update on the regulations and trends in the SEC in 2023. For further details, legal professionals are encouraged to visit Ulmer partner Frances Floriano Goins’ summary of the webinar and her thoughts regarding these important issues.