Report
Current Developments in SEC Enforcement for Public Companies and a Look Ahead 2024–2025
January 2025
The US Securities and Exchange Commission (SEC) brought a number of notable enforcement proceedings against public companies in fiscal year 2024, which ended September 30, 2024, and into the first quarter of fiscal year 2025. We expect the SEC under the new administration to continue dedicating resources to enforcement investigations and actions in the public company space, with a particular focus on conduct that harms investors and a decreased emphasis on standalone internal controls violations. This report covers key takeaways and enforcement developments from the last year and a look ahead at what’s to come in the SEC’s FY 2025 and beyond.