Takeaways from the SEC Division of Enforcement’s FY 2021 Report and Predictions for FY 2022
On November 18, 2021, the Securities and Exchange Commission released its Enforcement Results for fiscal year 2021, which spans from October 1, 2020 to September 30, 2021. The commission published its results in an abbreviated press-release format with an accompanying addendum, foregoing the more formal annual report format it used in prior years. Gurbir S. Grewal, who was appointed Director of the Commission’s Division of Enforcement in July 2021, emphasized a commitment to innovation. Grewal stated the Division brought “a number of critically important and first-of-their-kind enforcement actions,” and accomplished “record-breaking achievements” for its whistleblower program.
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