Securities & Regulatory Enforcement

<h2>Overview</h2><p>Securities litigation and regulatory enforcement encompasses both private civil actions and government enforcement proceedings under the federal securities laws. The Securities and Exchange Commission (SEC) brings civil enforcement actions in federal court, while FINRA conducts administrative proceedings against broker-dealers and their associated persons.</p><h2>Key Federal Securities Statutes</h2><ul><li><strong>Securities Act of 1933:</strong> Regulates the initial offering and sale of securities</li><li><strong>Securities Exchange Act of 1934:</strong> Regulates secondary trading, including the anti-fraud provisions of Section 10(b) and Rule 10b-5</li><li><strong>Investment Company Act of 1940:</strong> Regulates mutual funds and investment companies</li><li><strong>Investment Advisers Act of 1940:</strong> Regulates investment advisers</li><li><strong>Dodd-Frank Act:</strong> Enhanced regulatory oversight and whistleblower protections</li></ul>