In this edition of the newsletter, we discuss enforcement developments at the agencies during December 2020. December was an active month for the SEC, likely driven by the impending departure of SEC Chairman Jay Clayton. The SEC filed 41 actions and the CFTC filed 1 (excluding follow-on actions, bars and suspensions) against a combined total of 65 defendants and respondents.
The SEC’s 41 actions spanned numerous case types, including public company disclosures, brokerdealer, and investment adviser cases. The CFTC’s 1 action concerned manipulative trading.