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January 6, 2023 – Media Mention

Maxim Nowak, counsel in Herrick’s Litigation Department, spoke with Law360 about the enforcement areas in which the SEC will likely focus on in 2023.

The article notes that the SEC recently ended a historically significant fiscal year for its enforcement division, with the agency reporting a record $6.4 billion in court-ordered penalties and settlements. Additionally, the SEC requested funding from Congress to add 125 positions in its enforcement division. That request for additional funds, which was granted in the $1.7 trillion government funding bill passed in December, is "signaling that the trend of increased enforcement is going to continue" into 2023, Max said.

Read the full article in Law360 here. Access may require a subscription.