SEC and CFTC Enforcement Update
Client Newsletter

Created date


In this edition of the newsletter, we discuss enforcement developments at the agencies during April 2020. As illustrated below, the SEC brought 37 actions (excluding follow-on actions, bars, and suspensions) and the CFTC brought one action. The SEC’s 37 actions represented a busy month, in comparison to the 121 actions brought during the first six months of the fiscal year. In April, the SEC filed ten investment adviser cases, five broker-dealer cases, five accounting and disclosure-related cases, and two FCPA cases. The SEC also initiated 22 trading suspensions in connection with the coronavirus pandemic, discussed below. Enforcement activity at the CFTC appears to have slowed. The CFTC brought one new case in April, although it resolved two cases that were pending in federal court.

Read the latest issue >>


View previous SEC and CFTC Enforcement Updates:


*Mr. Cohen is admitted to practice in New York and Maryland, and is practicing in DC under the supervision of partners of the firm.