2025 Mid-Year Securities Enforcement Update (Volume 58, Number 19—November 5,, 2025)
Author: Jina Choi.; Osman Nawaz.; David Woodcock.; Michael Ulmer.
Source: Volume 58, Number 19, November 1 2025 , pp.271-282(12)
Abstract:
This article summarizes and analyzes notable SEC enforcement actions and related trends from the first half of 2025 following the presidential inauguration. Since then, there’s been a notable wave of dismissals of previously filed enforcement actions. The new Commission has prioritized a “back-to-basics” approach towards enforcement targeting “lying, cheating, and stealing,” making clear that it is “a new day” at the SEC.Keywords: Crypto Enforcement; Dismissals of Controls and Registration Cases; Large-Scale Fraud; Public Company Accounting, Financial Reporting, and Disclosure; Investment Advisers; Broker-Dealers; Market Manipulation; Municipal Bond Fraud; Insider Trading
Affiliations:
1: Gibson Dunn & Crutcher; 2: Gibson Dunn; 3: Gibson Dunn; 4: Gibson Dunn.