Topic
sec enforcement
251 published works
The Milbank General Counsel Blog
SEC Enforcement Division Revises Its Playbook: What the Updated Manual Signals About Enforcement Practices and Defense Strategy
By George Canellos, Olivia Choe, Gurbir Grewal, Tawfiq Rangwala
On February 24, 2026, the SEC Division of Enforcement (“Division”) released the first updates to its Enforcement Manual (“Manual”) since 2017. The updates—which the SEC characterized as underscoring its “ongoing…
The D&O Diary
Guest Post: The SEC Updates its Enforcement Manual
Sarah Abrams In the following guest post, Sarah Abrams reviews the SEC's recent updates to its Enforcement Manual and considers the directors' and officers' liability implications. My thanks to Sarah…
Business Law Prof Blog
What I predicted then
By Ann Lipton
Back when the SEC announced it was functionally no longer going to weigh in on whether companies may legally exclude shareholder proposals, I made a prediction in a number of…
Eye on Enforcement
In First Public Speech, SEC’s Director of Enforcement Sheds Light on Priorities and Process
Former judge Margaret Ryan became the Director of the Securities and Exchange Commission’s Division of Enforcement in September 2025. But it was not until last week, in February 2026, that…
The CLS Blue Sky Blog
Cleary Gottlieb Discusses the Shifting SEC Enforcement Landscape
By Tom Bednar, Matt Solomon, Katie McGuire
Fiscal year 2025 was a year of extremes in terms of the number of enforcement actions brought by the Securities and Exchange Commission (SEC). During the first quarter of fiscal…
The D&O Diary
SEC Enforcement Division Director Assures of Continued Vigilance
There is no doubt that the SEC under current Chair Paul Atkins has taken a different enforcement approach than under the prior administration. The statistics (at least those through the…
Cleary Enforcement Watch
The Shifting SEC Enforcement Landscape: 2025 Year-in-Review
By Tom Bednar, Matthew C. Solomon, Katie McGuire
The following is part of our annual publication Selected Issues for Boards of Directors in 2026. Explore all topics or download the PDF. Fiscal year 2025 was a year of extremes in terms of…
Market Edge
SEC enforcement shake-up and Wells process reforms: Top points
By Eric Forni, Jonathan Haray, Jason Lewis, Caryn Schechtman, Gray Stratton, Jason Strojny
Under the current administration, the United States Securities and Exchange Commission (SEC) has advanced significant organizational and procedural changes in its Division of Enforcement, which will impact how investigations are…
The D&O Diary
Supreme Court Agrees to Consider SEC’s Disgorgement Remedy Rights
The U.S. Supreme Court only rarely agrees to take up consideration of cases involving securities law issues, so it was a noteworthy event when the Court agreed late last week…
The CLS Blue Sky Blog
Covington Discusses the 2026 Reporting Season in an Evolving Regulatory Landscape
By David Engvall, David Fredrickson, Matthew Franker, Angela Chen, Libby Brown
With new leadership under the Trump administration, the Securities and Exchange Commission (“SEC”) is charting a course that promises significant changes in the regulation of securities disclosures and capital markets.…