Securities Enforcement and Litigation Update Podcast Series
Part 2: SEC Enforcement: Trends and Practice Guidance
In this episode of S&C’s
Critical Insights podcast,
Steve Peikin, the head of the Firm’s Securities & Commodities Investigations & Enforcement Practice and former co-director of the SEC’s Enforcement Division, and
Jeffrey Scott and
Julia Malkina, co-leads of the Firm’s Securities Litigation Practice, discuss the priorities of the SEC’s Enforcement Division. They explore recent enforcement trends and offer practice guidance for the handling of enforcement investigations in light of the SEC’s priorities.
Part 1: Private Securities Litigation: Trends and Emerging Issues
In this episode of S&C’s Critical Insights podcast, Steve Peikin, head of the Firm’s Securities & Commodities Investigations & Enforcement Practice and former co-director of the SEC’s Enforcement Division, and Jeffrey Scott and Julia Malkina, co-leads of the Firm’s Securities Litigation Practice, discuss recent trends in private securities litigation. They explore how the COVID-19 pandemic, an influx of SPAC-driven IPOs, state court proceedings post-Cyan and ESG disclosures are driving emerging issues in this field.
The COVID-19 pandemic continues to impact SEC enforcement and private securities litigation in 2021. In addition to releasing guidelines on COVID-related disclosures, the SEC has brought enforcement actions against companies for allegedly making false COVID-related statements and failing to fully disclose the pandemic's impact on operations. Meanwhile, private securities litigation saw a significant drop in class action filings in both federal and state courts, reaching the lowest level since 2016.
S&C’s Securities Litigation Practice S&C represents U.S. and non-U.S. corporations, financial institutions, and individuals in their most complex, high-value securities matters. Our lawyers have played a fundamental role in the evolution of U.S. banking and securities law, and the Firm is regularly ranked as one of the top firms for defending securities litigation.
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S&C's Securities & Commodities Investigations & Enforcement Practice S&C’s Securities & Commodities Investigations & Enforcement Practice lawyers have a deep understanding of markets and complex trading and financial products. The Group regularly represents clients in investigations and enforcement actions by the SEC, the CFTC, FINRA, the National Futures Association and other federal, state, and non-U.S. regulators and self-regulatory organizations. Clients facing securities and commodities investigations turn to S&C for our record of obtaining favorable outcomes in high-stakes matters.
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S&C’s Criminal Defense & Investigations Group (CDIG) Sullivan & Cromwell's Criminal Defense & Investigations Group (CDIG) is adept at resolving issues on the cutting edge of enforcement and regulatory activity. With more than a dozen former federal and state prosecutors, as well as other skilled lawyers, our team understands how government authorities pursue cases and anticipates shifts in enforcement priorities. We have played a leading role in virtually every major U.S. law enforcement initiative of the past 20 years, and our lawyers have handled more than 125 criminal trials in federal and state courts.
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