The Law of the Financial Markets from Top Securities Lawyers
Tuesday, July 21, 2026
As I discussed in the original article, and its updates, despite years of discussion and proposals, there has been no significant changes in the regulation of finders. The SEC’s 2020 proposal for a two-tier finder exemption was never finalized. Therefore, the traditional broker-registration analysis under Exchange Act Section 15(a) still […]
From my post on LinkedIn today: The SEC’s rescission of its gag rule is a welcome event, as forcing settling respondents to remain silent about the allegations they have denied is manifestly unfair. However, as detailed in this Cleary Gottlieb post, the issues surrounding an SEC settlement remain. What struck […]
What Is the SEC’s “Gag Rule”? For decades, the SEC has used a settlement condition that most defendants learn about only when they are negotiating with the agency: if you settle, you cannot publicly deny the allegations. Formally embedded in Rule 202.5(e), the policy requires settling parties to agree that […]
From JD Supra: The Ninth Circuit Court of Appeals refused to vacate an arbitration award even though the proceedings were not recorded. In Uddin v. TD Ameritrade, Inc., 2026 WL 982854 (9th Cir. Apr. 13, 2026) (Not for Publication), the appellant appealed an award by the Financial Industry Regulatory Authority (“FINRA”) to […]
SEC Charges 21 Individuals in Alleged Decade-Long Insider Trading Scheme The Securities and Exchange Commission has charged 21 individuals for their alleged roles in a wide-ranging insider trading scheme involving confidential information allegedly stolen from multiple global law firms. According to the SEC, the scheme ran for years and generated […]
The SEC released its FY 2025 enforcement results, marking a shift away from the prior Commission’s emphasis on headline-driven case volume and toward a more traditional, fraud-centered enforcement philosophy. Chairman Paul S. Atkins and Commissioner Mark Uyeda emphasized a return to Congress’s original intent by prioritizing cases that directly protect […]
The Securities and Exchange Commission announced the launch of Material Matters With SEC Chairman Paul Atkins, a new podcast that provides stakeholders and the investing public with exclusive interviews and insights around the agency’s policy and rulemaking agenda. Play the inaugural episode Chairman Atkins will be joined by guests across […]
The Securities and Exchange Commission today announced that David Woodcock has been appointed Director of the Division of Enforcement, effective May 4, 2026. Mr. Woodcock is currently a partner in the Dallas and Washington, D.C. offices of Gibson, Dunn… SEC Press Release For more information, contact the securities lawyers at […]
Washington D.C., Feb. 13, 2026 — The Securities and Exchange Commission will host the agency’s 45th Annual Government Business Forum on Small Business Capital Formation at SEC headquarters in Washington, D.C., on March 9 from 1 p.m. to 5 p.m. ET. The event will be webcast live. Registration information and […]
From Morgan Lewis, a monthly summary of securities enforcement developments from January 2026. Here is a concise, integrated summary of the points you provided: During this period, the SEC continued its enforcement activity with public company accounting and disclosure issues. It maintained a focus on the life sciences sector. Additionally, […]
