December 12, 2023
Transcript: “SEC Enforcement: Priorities and Trends”
We’ve posted the transcript for our recent “SEC Enforcement: Priorities and Trends” webcast featuring Hunton Andrews Kurth’s Scott Kimpel, Locke Lord’s Allison O’Neil, and Quinn Emanuel’s Kurt Wolfe. The webcast covered:
SEC Enforcement Activities in 2023 and Priorities for 2024
Monetary and Non-Monetary Penalties
Accounting and Disclosure Actions
Actions Targeting Gatekeepers
Whistleblower Developments and Trends
Self-Reporting and Cooperation Credit
Coordination with DOJ Investigations
Our panelists referred to the SEC’s fiscal 2023 as “the year of the whistleblower” and stressed “how successful the [whistleblower] program continues to be” as “it really is driving enforcement investigations and enforcement actions [and] changed the way that the SEC originates cases and pursues cases.” They linked this back to the SEC’s recent Rule 21F-17 enforcement actions that “strike at efforts to chill whistleblowers.” Scott Kimpel said, “that’s why the SEC does it. They want the word to spread. They don’t want to have to keep bringing those cases. They would prefer for companies to change their language.”
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– John Jenkins