The US Securities and Exchange Commission’s (SEC’s) recently issued 2024 Exam Priorities report is largely focused on cryptocurrency and emerging financial technology. In speaking with the National Law Journal, partner Christine Schleppegrell said that the report is “really helpful for our clients,” especially those running compliance programs.
“It gives them something they can point to and showcase internally to say, ‘Here’s why your internal management or others within the company should support my compliance program—the SEC cares about these things,’” Christine said. “The fact that [the report] came out early can also help compliance officers that hit the ground running in 2024.”
In the same article, partner Christine Lombardo shared that while she does not encourage “trying to get into compliance with any form of proposed rules,” the proposals should be carefully considered “to understand how the SEC is thinking about particular issues because it’s clear that they’re focused on these things.”