Compliance Week: SEC Enforcement Priorities Under Biden - Reading the Tea Leaves

November 13, 2020

O’Melveny counsel Bill Martin is quoted in this Compliance Week article, which discussed what a new presidential administration might mean for the Securities and Exchange Commission’s Division of Enforcement and the impact of COVID-19.

The publication reported that from mid-March through the end of the fiscal year, the Division’s Office of Market Intelligence responded to about 16,000 tips, complaints, and referrals—almost a 71 percent increase over the same time period last year—additionally, the Division opened more than 150 COVID-related inquiries and investigations.

Looking ahead to 2021, the coronavirus pandemic will continue to have an influence on enforcement. Martin, former senior counsel in the SEC’s Market Abuse Unit, said he expects to see “aggressive investigations into alleged market manipulation and insider trading, especially where the SEC believes such conduct may have contributed to market volatility during the pandemic.”

Compliance Week subscribers can read the full article here.