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Securities and Exchange Commission (SEC) Government Agencies

A&O Shearman

SEC Appoints Judge Margaret “Meg” Ryan as the New Director of the Division of Enforcement

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The Securities and Exchange Commission (“SEC”) has named Judge Margaret “Meg” Ryan as the new Director of the Division of Enforcement. Judge Ryan will succeed Acting Director Sam Waldon, who has served as Acting Director of...more

Eversheds Sutherland (US) LLP

White House issues executive order: “Democratizing Access for Alternative Assets for 401(k) Investors”

On August 7, 2025, the White House issued an executive order called “Democratizing Access to Alternative Assets for 401(k) Investors” (Order). The Order focuses on 401(k) plans and other participant-directed defined...more

Wiley Rein LLP

Cyber Regulatory Harmonization: The Prospects and Potential Impacts of Current Efforts

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Companies in virtually every critical infrastructure sector have to navigate the maze of duplicative, inconsistent, and fragmented cybersecurity regulations imposed by federal and state governments. For example, as we have...more

Latham & Watkins LLP

Cybersecurity Regulation in Flux as Trump Administration Focuses on Evolving Foreign and Tech Threats

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The administration has signaled a potential softening of cyber regulation for domestic entities, with increasing focus on national security priorities and preparing for the future....more

Cooley LLP

Corp Fin Revises Two (And Withdraws One) Legal Proceeding Disclosure CDIs

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A few weeks ago, Corp Fin revised two – and withdrew one – of the Legal Proceedings CDIs under Item 103 of Regulation S-K. These CDI changes are catching up to the reorg of Item 103 that the SEC made five years ago when the...more

Cooley LLP

Capital Markets Update – May 2025 One-Minute Reads

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ESMA releases proposed rules for regulation of ESG ratings providers On May 2, ESG Today reported that the European Securities and Markets Authority (ESMA) published draft Regulatory Technical Standards (RTS) under the...more

Troutman Pepper Locke

Digital Asset CLARITY Act Heads to House Floor

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On Tuesday, June 10, the House Committees on Agriculture and Financial Services both favorably reported to the House H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act (as amended). Both committees gave overwhelmingly...more

Cooley LLP

Five Interesting Things From the “SEC Town Hall”

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Recently, SEC Chair Paul Atkins posted his remarks delivered at an “SEC Town Hall.” Here are five things I found interesting...more

Ropes & Gray LLP

Is U.S. Conflict Minerals Disclosure Nearing an End?

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SEC Commissioner Mark Uyeda took a pretty big swing at the U.S. Conflict Minerals Rule in his prepared remarks yesterday at Practical Law Institute’s annual “SEC Speaks” conference. Here’s what the Commissioner had to say: If...more

Cooley LLP

Unintended Consequences of the SEC’s Buyouts: Few “Going-Away” Parties

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As noted in this USA Today article, Senators Elizabeth Warren and Mark Warner sent a letter a few weeks ago to the GAO requesting an investigation into the impact of the SEC’s recent buyouts and the upcoming layoffs resulting...more

Venable LLP

Shakeup at the SEC: Recent Changes in Formal Investigative Authority, Regional Directors, and Reductions in Force

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With all the headlines about changes in federal government structure in recent weeks, it is easy to miss some of the key changes taking place at the Securities and Exchange Commission. In this note, we have summarized three...more

Wilson Sonsini Goodrich & Rosati

Eighth Circuit Temporarily Pauses Climate Rules Litigation and Seeks Response from SEC

Following the U.S. Securities and Exchange Commission’s action in March 2025 to end its defense of the final climate-related disclosure rules (Climate Rules), the Attorneys General of Massachusetts and other states...more

Cooley LLP

President Trump Directs Federal Agencies on How to Repeal ‘Unconstitutional’ Rules

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On April 11, 2025, a new rule went into effect in which the United States government will start to strictly enforce the requirement that foreign nationals register their presence with U.S. Citizenship and Immigration Services...more

Troutman Pepper Locke

White House Issues Memorandum Directing Federal Agencies to Repeal Regulations Deemed to be Unlawful Pursuant to Recent U.S....

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On April 9, the White House issued a memorandum directing federal executive departments and agencies to repeal regulations deemed unlawful pursuant to certain U.S. Supreme Court decisions. This directive aims to address...more

Skadden, Arps, Slate, Meagher & Flom LLP

How Private Fund Managers Can Minimize the Risk of Government Probes in Volatile Markets

Key Points - - Periods of market volatility expose firms managing private funds to increased scrutiny from government agencies, regardless of the existence of any actual misconduct. - Government agencies may open an...more

Wilson Sonsini Goodrich & Rosati

Paul Atkins Confirmed as SEC Chairman

On April 9, 2025, the U.S. Senate voted 52-44, along party lines, to confirm the nomination of Paul Atkins as chairman of the U.S. Securities and Exchange Commission (SEC)...more

Troutman Pepper Locke

SEC Reportedly Announces Major Reorganization of Enforcement and Exams Divisions

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The U.S. Securities and Exchange Commission (SEC) has reportedly announced internally a major reorganization of its enforcement and exams divisions. This restructuring, effective April 9, 2025, was detailed in a staff memo...more

Perkins Coie

Leveling the Playing Field? Developing Discovery Strategies in CFTC Civil Enforcement Actions

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The Commodity Futures Trading Commission’s Division of Enforcement wields immense power in civil enforcement actions. It often seeks financial sanctions, including hefty financial penalties, and injunctive relief that can...more

Vedder Price

SEC Revokes Enforcement Division's Formal Investigation Authority

Vedder Price on

On March 10, 2025, the SEC voted along party lines to amend SEC regulations in order to rescind the SEC’s delegation of authority to the Director of the Division of Enforcement to issue formal orders of investigation. The SEC...more

Vedder Price

Government Agencies to Continue Pursuing Core Enforcement Initiatives and Other Highlights from the ABA 40th Annual National...

Vedder Price on

The American Bar Association held its 40th Annual National Institute on White Collar Crime conference on March 5, 6, and 7, 2025, in Miami, Florida. The conference featured robust panel discussions with the federal and state...more

Cooley LLP

Shadow SEC argues for retention of SEC independence

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At the end of last year, in this post on the CLS Blue Sky Blog, two leading authorities on securities law, Professors John C. Coffee, Jr. and Joel Seligman, made some predictions about SEC regulation under the new...more

DLA Piper

Executive Order on Federal Agencies

DLA Piper on

On February 18, 2025, President Donald J. Trump signed an Executive Order (EO), entitled, “Restoring Democracy and Accountability in Government,” which asserts greater authority over all federal agencies, including those...more

K&L Gates LLP

Trump Administration Asserts Control Over Independent Agencies

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The Trump administration has taken two actions that will dramatically increase White House control over federal commissions, boards, and officials that were previously considered independent. These actions are likely to...more

Troutman Pepper Locke

SEC Reportedly Plans to Cut Regional Directors as Cost-Saving Measure

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According to news sources, including Reuters, on Friday, February 21, the U.S. Securities and Exchange Commission (SEC) reportedly informed regional directors at its 10 regional offices that it plans to eliminate their roles...more

Wiley Rein LLP

What Trump’s Broad Deregulatory EO Means for Telecom, Media, and Technology

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On February 19, 2025, the Trump Administration issued an Executive Order (EO) titled “Ensuring Lawful Governance and Implementing the President’s ‘Department of Government Efficiency’ Deregulatory Initiative.” As Wiley has...more

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