The Securities and Exchange Commission (SEC) recently made public their enforcement results for fiscal year 2023 on November 14, which concluded on September 30. This important disclosure gives meaningful insight into the SEC’s priorities, as well as sheds light on the latest enforcement trends.
According to a report from JD Supra, the SEC, throughout the fiscal year, placed particular emphasis on retail investors as well as matters pertaining to complex financial instruments. In addition, egregious behavior, like insider trading and market manipulation, continued to be on the SEC’s radar.
Firms working in the legal sector, both domestic and international, are strongly advised to study these results, as they provide a wealth of information about how the SEC is approaching enforcement. As corporate legal professionals, it is crucial to be conversant with the latest enforcement priorities of the SEC. This will not only inform internal compliance programs, processes, and policies but also for helping companies navigate potential legal risks.
The SEC’s release of the fiscal year 2023 enforcement results is a significant resource for legal firms around the globe, providing a clear indicator of future enforcement priorities and trends.
This newly released data from the SEC points towards an era of increased scrutiny and a heightened focus on retail investors. Legal professionals are thus advised to maintain a keen awareness of the SEC’s pursuits, ensuring that their respective clients or companies are kept ahead of potential enforcement actions.