We summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources. This month we examine:
–A string of settled charges for alleged violations of the Whistleblower Protection Rule;
–Charges against an electronic trading firm and its broker-dealer subsidiary for allegedly making false and misleading disclosures regarding protecting customer trading data and preventing trader access to material non-public information (“MNPI”);
–Settled charges against a registered investment adviser for alleged misstatements regarding the integration of environmental, social, and governance (“ESG”) factors into its investment process;
–Two revenue recognition enforcement actions against public companies and certain senior executives for accounting fraud and misleading disclosure violations; and
–Enforcement sweeps focused on alleged violations of the Marketing Rule and failures by both corporate insiders and the public companies where they worked to timely report holdings and transactions of public company stock.
Source: Top 5 SEC Developments
