Posted by Haimavathi V. Marlier, Jina Choi, Michael D. Birnbaum, Morrison & Foerster LLP, on Sunday, January 8, 2023
Editor's Note:
Haimavathi V. Marlier, Jina Choi, and Michael D. Birnbaum are Partners at Morrison & Foerster LLP. This post is based on their Morrison & Foerster memorandum.
We summarize below some of the most important SEC enforcement developments from the past month. This post covers:
In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources. This month’s installment covers:
- Charges against the founder and three promoters of a cryptocurrency trading service operating as a Ponzi scheme;
- A ruling that a blockchain’s digital token qualifies as a security;
- An action against a registered investment advising firm for failing to follow its own ESG policies and procedures;
- The SEC’s remarks at the Securities Enforcement Forum, with a focus on the Commission’s enforcement trends for the 2022 fiscal year; and
- An overview of the SEC’s Strategic Plan for the 2022–2026 fiscal years.
