SEC / FINRA: Enforcement | Cadwalader Cabinet | Find Know Do

SEC / FINRA: Enforcement

Overview

This page provides an overview of the enforcement authority of the SEC and FINRA under the U.S. securities laws. It also provides information as to securities litigations and arbitrations. Finally, it provides information as to how firms may respond to enforcement actions. See also the Topic Pages on Anti-Money Laundering, Insider Trading, the Foreign Corrupt Practices Act, Sanctions and Whistleblowers.

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Cadwalader, Wickersham & Taft LLP

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Partner

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Joseph V. Moreno

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Cadwalader, Wickersham & Taft LLP

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Partner

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Cadwalader, Wickersham & Taft LLP

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Partner

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Jason M. Halper

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Cadwalader, Wickersham & Taft LLP

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Partner

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Securities Exchange Act

Securities Exchange Act | GLB | Rules | Related Rules & Regs
SEA Section 9 (Prohibition against manipulation)
SEA Section 10 (General anti-fraud provision) (see also SEA Rule 10b-5)
SEA Section 14 (Proxies and tender offers)
SEA Section 15 (Broker-dealers)
SEA Section 20 (Controlling persons and aiders and abettors)
SEA Section 21 (Authority for investigations and civil actions)
SEA Section 21A (Civil penalties for insider trading)
SEA Section 21B (Civil penalties in administrative proceedings)
SEA Section 21C (Cease and desist proceedings)
SEA Section 21F (Whistleblower provisions)
SEA Section 27A (Statute of limitations on private actions)
SEA Section 32 (Penalty tiers and amounts)
Other Relevant SEA Statutory Provisions

Securities Act

Securities Act | Rules | Related Rules & Regs
SA Section 8A (Cease and desist proceedings)
SA Section 9 (Court review of orders)
SA Section 15 (Liability of controlling persons)
SA Section 17 (General anti-fraud provision)
SA Section 20 (Authority for civil actions and penalties)
SA Section 21 (SEC hearings)
SA Section 24 (Penalties)
SA Section 27 (Private securities litigation)

Advisers Act

Investment Advisers Act | Rules
IAA Section 203 (Registration and authority for regulatory sanctions)
IAA Section 206 (General anti-fraud provision)
IAA Section 207 (Material misstatements)
IAA Section 209(e) (Civil money penalties)
IAA Section 217 (Criminal penalties)

Investment Company Act

Investment Company Act | Rules
ICA Section 8 (Registration)
ICA Section 9 (Authority for regulatory sanctions)
ICA Section 36 (Fiduciary duty)
ICA Section 42 (Authority for investigations and civil actions)
ICA Section 44 (Jurisdiction)
ICA Section 48 (Liabilities of controlling persons)
ICA Section 49 (Criminal liability)
Other Relevant ICA Provisions

FINRA Rules

FINRA/NASD and NYSE Rules
FINRA By-Laws, Article XII (Disciplinary proceedings)
FINRA By-Laws, Article XIII (Authority to impose sanctions)
FINRA Rule 0190 (Termination of membership)
FINRA Rule 8000 (Investigations and sanctions)
FINRA Rule 9000 (Code of procedure)
FINRA Rule 10000 (Arbitration procedure)
FINRA Rule 12000 (Arbitration with customers)
FINRA Rule 13000 (Arbitration of industry disputes)

Developments

Enforcement Releases

SEC Guidance on Investigations and Enforcement

FINRA Guidance

FINRA Notice 09-17 (Enforcement Process)
FINRA Notice 18-17 (Sanction Guidelines)
Sanction Guidelines and FAQ on Guidelines

SEC Waivers

Materials on Cooperation

Minor Rule Violations

Know

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Broker-Dealer Guide Chapters

Cadwalader Memoranda