The Securities and Exchange Commission has seen a particularly aggressive week in enforcement actions against broker-dealers, corporate insiders and others, resulting in a bonanza of work for Big Law and boutiques lately.
Overall in September, the SEC announced settlements or charges in more than three dozen matters, and about 20 of those were in the last week.
On Friday alone, the SEC announced fines or civil charges in six separate matters. For instance, the SEC announced charging 10 firms, such as Perella Weinberg Partners and Robert W. Baird & Co., ”with widespread recordkeeping failures.” Defense counsel for those 10 firms include Nelson Mullins Riley & Scarborough; Wilmer Cutler Pickering Hale and Dorr; Skadden, Arps, Slate, Meagher & Flom; Morgan, Lewis & Bockius; and Ropes & Gray.
‘Enforcement 40’ for 2020
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