Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Thomas Krysa
SEC Establishes Financial Reporting and Accounting Unit Within Di
On August 5, 2026, the Securities and Exchange Commission (SEC or the Commission) announced the establishment of a new specialized unit within the Division of Enforcement — the Financial Reporting and Accounting Unit (the Unit) — dedicated to pursuing fraud and misconduct in accounting, financial reporting, and auditing. The new Unit signals a renewed institutional commitment to accounting-related enforcement at the Commission.
SEC Launches New Retail Fraud Working Group, Signaling Increased Enforcement Focus on Fraud Affecting Individual Investors
On July 7, 2026, the U.S. Securities and Exchange Commission (SEC or the Commission) announced the creation of a new Retail Fraud Working Group within the Division of Enforcement, underscoring the agency’s previously articulated focus on protecting individual investors and pursuing misconduct in the retail market. According to the SEC, the new working group is intended to strengthen Enforcement’s ability to identify, investigate, and combat fraud targeting everyday investors.
Supreme Court Unanimously Upholds SEC Disgorgement Powers in Sripetch v. SEC
On June 4, 2026, the United States Supreme Court handed down a 9-0 decision in Sripetch v. Securities and Exchange Commission, No. 25-466, affirming that proof of pecuniary loss to victims of securities law violations is not a prerequisite for the U.S. Securities and Exchange Commission (SEC) to secure a disgorgement remedy.[1] This is the only clear holding of the opinion, which left open several questions surrounding the SEC’s disgorgement remedy.
Supreme Court Unanimously Upholds SEC Disgorgement Powers In Sripetch v. SEC
Foley & Lardner are most popular: within Wealth Management topic(s) On June 4, 2026, the United States Supreme Court handed down a 9-0 decision in Sripetch v.
SEC Ends Settlement “Gag Rule”
Patrick Daugherty’s articles from Foley & Lardner are most popular: with readers working within the Healthcare industries Foley & Lardner are most popular: within Coronavirus (COVID-19) topic(s) For more than fifty years, a necessary feature of U.S. Securities and Exchange Commission (SEC or the Commission) enforcement settlements was a simple but controversial condition: defendants could virtually always settle without admitting wrongdoing, but they could not publicly deny the SEC’s...
SEC Rescinds Controversial "Gag Rule" After More Than Fifty Years
For more than fifty years, a necessary feature of U.S. Securities and Exchange Commission (SEC or the Commission) enforcement settlements was a simple but controversial condition: defendants could settle without admitting wrongdoing, but they could not publicly deny the SEC’s allegations afterward. Critics long referred to the policy as the SEC’s “gag rule.” That era has now ended.
David Woodcock Appointed as SEC Enforcement Director
On April 8, 2026, David Woodcock was appointed Director of Enforcement at the U.S. Securities and Exchange Commission, bringing decades of experience in securities law, including prior service at the agency and in private practice. He previously held senior roles within the SEC’s Enforcement Division, serving as the Regional Director of the Fort Worth Regional Office.
David Woodcock Appointed Securities and Exchange Commission Direc
On April 8, 2026, David Woodcock was appointed Director of Enforcement at the U.S. Securities and Exchange Commission, bringing decades of experience in securities law, including prior service at the agency and in private practice. He previously held senior roles within the SEC’s Enforcement Division, serving as the Regional Director of the Fort Worth Regional Office.
DOJ Announces First-Ever Department-Wide Corporate Enforcement Policy
The U.S. Department of Justice (DOJ) recently released its first-ever department-wide corporate enforcement policy for all criminal matters, aimed at “promoting uniformity, predictability, and fairness in how it pursues white-collar cases to protect the American people.” According to the DOJ, the new policy is intended to incentivize corporate self-disclosures, cooperation with investigations, and remediation of any wrongdoing.
SEC Chair Paul Atkins Pushes Risk Factor Reform — Could A "Safe Harbor" Mean Softer Enforcement?
Thomas J. Krysa’s articles from Foley & Lardner are most popular: with Senior Company Executives and HR in United States with readers working within the Advertising & Public Relations and Securities & Investment industries At the Texas A&M School of Law Corporate Law Symposium on February 17, 2026, U.S. Securities and Exchange Commission (SEC) Chair Paul S.
SEC Chair Paul Atkins Pushes Risk Factor Reform — Could a “Safe Harbor” Mean Softer Enforcement? | JD Supra
At the Texas A&M School of Law Corporate Law Symposium on February 17, 2026, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins addressed the ballooning size and complexity of corporate risk factor disclosures in public filings — and his vision for cutting them down.
Supreme Court Agrees To Weigh In On Disgorgement
Thomas J. Krysa’s articles from Foley & Lardner are most popular: within Corporate/Commercial Law topic(s) with Senior Company Executives, HR and Finance and Tax Executives in United States with readers working within the Advertising & Public Relations, Securities & Investment and Telecomms industries The Supreme Court recently agreed to hear an appeal in the case of Ongkaruck Sripetch v.
Supreme Court Agrees to Weigh in on Disgorgement | JD Supra
The Supreme Court recently agreed to hear an appeal in the case of Ongkaruck Sripetch v. U.S. Securities and Exchange Commission after the Securities and Exchange Commission (SEC) submitted a brief agreeing a grant of certiorari was needed to resolve a circuit split on the issue of disgorgement.[1] By granting certiorari, the Supreme Court has agreed to address whether pecuniary harm to investors must be proven in order for district courts to order disgorgement.
Supreme Court Agrees to Hear Ongkaruck Sripetch v. U.S. SEC
The Supreme Court recently agreed to hear an appeal in the case of Ongkaruck Sripetch v. U.S. Securities and Exchange Commission after the Securities and Exchange Commission (SEC) submitted a brief agreeing a grant of certiorari was needed to resolve a circuit split on the issue of disgorgement.[1] By granting certiorari, the Supreme Court has agreed to address whether pecuniary harm to investors must be proven in order for district courts to order disgorgement.
SEC Releases Its 2026 Examination Priorities
FL Foley & Lardner More Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges.
Securities and Exchange Commission 2026 Examination Priorities Ov
Legal Disclaimer You are responsible for reading, understanding, and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free-to-use, no-log-in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only.
SEC Chairman Atkins Signals A Shift To A More Transparent Wells Process
Foley & Lardner are most popular: within Government, Public Sector, Criminal Law and Insurance topic(s) with readers working within the Healthcare industries U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins recently previewed updates meant to "improve on and refine" the SEC's Wells process.
SEC Chairman Atkins Signals a Shift to a More Transparent Wells Process | JD Supra
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins recently previewed updates meant to “improve on and refine” the SEC’s Wells process.
SEC Chairman Previews Updates to Improve Wells Process
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins recently previewed updates meant to “improve on and refine” the SEC’s Wells process.
Insider Trading Likely a Continued Focus for SEC Enforcement | JD Supra
With last year’s change in administration, the appointment of Securities and Exchange Commission (SEC or the “Agency” or “Commission”) Chairman Paul Atkins, and Judge Ryan being named as enforcement director, there is much speculation regarding the SEC’s areas of focus for its enforcement program going forward. The preliminary expectation is that the agency will focus on its historically core areas, and no area is more fundamental to the SEC’s enforcement program than insider trading.
Insider Trading Cases in 2025
With last year’s change in administration, the appointment of Securities and Exchange Commission (SEC or the “Agency” or “Commission”) Chairman Paul Atkins, and Judge Ryan being named as enforcement director, there is much speculation regarding the SEC’s areas of focus for its enforcement program going forward. The preliminary expectation is that the agency will focus on its historically core areas, and no area is more fundamental to the SEC’s enforcement program than insider trading.
SEC and DOJ Bring Parallel Fraud Actions Against Wu and O’Gara
On September 11, 2025, the U.S. Attorney for the Southern District of New York (SDNY) and the Securities and Exchange Commission (SEC) brought parallel criminal and civil charges, respectively, against Jian Wu for orchestrating a scheme to deceive his former employer, Two Sigma Investments, LP and its affiliate, Two Sigma Advisers, LP (together “Two Sigma”), to reap millions of dollars in ill-gotten compensation by secretly manipulating computer-based algorithmic investment models that Two...
SEC's Division Of Examinations Releases Priorities For Fiscal Year 2025
FL Foley & Lardner More Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges.
SEC’s Division of Examinations Releases Priorities for Fiscal Year 2025 | JD Supra
Last week, on October 21, 2024, the SEC’s Division of Examinations released its Examination Priorities report for fiscal year 2025 (found here). As we have seen with past annual reports, the Division intends to cover a broad array of issues impacting investment advisers and broker dealers in 2025.
SEC’s Division of Examinations Releases Priorities for Fiscal Year 2025
Skip to main content October 28, 2024 Volume XIV, Number 302 Legal Analysis. Expertly Written. Quickly Found. Trending News SEC’s Division of Examinations Releases Priorities for Fiscal Year 2025 Print Mail Download />i Facebook Twitter Linkedin Pinterest Reddit Facebook Messenger Email Digg Print X Buffer Flipboard Last week, on October 21, 2024, the SEC’s Division of Examinations released its Examination Priorities report for fiscal year 2025 (found here).
Weekly Bankruptcy Alert October 28, 2024 (For the week ending October 27, 2024)
Skip to main content October 28, 2024 Volume XIV, Number 302 Legal Analysis. Expertly Written. Quickly Found.
Dual-Hatted CEO and CCO Named Individually in SEC Settlement for Compliance Violations | JD Supra
On December 5, 2022, the SEC filed a settled action against investment advisory firm Two Point Capital Management Inc. (the Firm) and its chief executive officer, who also served as the Firm’s chief compliance officer until February 2021 (TPCM CEO/CCO). The Firm and TPCM CEO/CCO agreed to pay $100,000 collectively to settle the matter, with the SEC charging the TPCM CEO/CCO individually for causing the Firm’s violations.
The SEC’s Latest CCO Case and the Ongoing Need for a Framework | JD Supra
On June 30, 2022, the SEC filed a settled action against Hamilton Investment Counsel, LLC (the “Firm”) and its chief compliance officer (“HIC CCO”). Notably, the SEC charged the HIC CCO with willfully aiding and abetting the Firm’s violations of Section 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-7 thereunder – or more simply stated, the SEC charged the HIC CCO with aiding and abetting the Firm’s compliance rule violations.
The Fifth Circuit Strikes A Blow To The Constitutionality Of SEC Administrative Proceedings
On Wednesday, in a 2-1 decision, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit ruled in Jarkesy v. SEC that proceedings before an SEC administrative law judge were unconstitutional. Notably, the circuit court found the underlying proceedings unconstitutional primarily due to the lack of a jury trial when the SEC is seeking civil penalties in a fraud action.
SEC Issues Proposed 10b5-1 Trading Plan Amendments | JD Supra
On December 15, 2021, the Securities and Exchange Commission proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934, which provides a safe harbor and affirmative defense from insider trading for corporate officers and directors that trade securities pursuant to a stock trading plan under the Rule.
Lest We Forget, The SEC Cares About Private Equity
United States: Lest We Forget, The SEC Cares About Private Equity 04 November 2021 by Margaret G. Nelson , Thomas J. Krysa , Stuart Fross , Peter Fetzer and Stephen M. Meli Foley & Lardner Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com.
SEC Brings Insider Trading Out Of The Shadows - Corporate/Commercial Law - United States
United States: SEC Brings Insider Trading Out Of The Shadows 04 November 2021 by Stuart E. Fross , Brooke Clarkson and Thomas J. Krysa Foley & Lardner Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com. On August 17, 2021, the Securities and Exchange Commission (SEC) filed a litigated enforcement action in federal court in San Francisco, California alleging insider trading against Matthew Panuwat.
Lest We Forget, the SEC Cares About Private Equity | JD Supra
During last week’s testimony before the Senate Committee on Banking, Housing, and Urban Affairs, the questioning of SEC Chair Gary Gensler focused on the expected topics of cryptocurrency regulation, ESG disclosures, and gamification. But Gensler’s written testimony circulated beforehand reminded the marketplace that private funds, including private equity, will continue to be a focal point.
SEC Brings Insider Trading Out of the Shadows | JD Supra
On August 17, 2021, the Securities and Exchange Commission (SEC) filed a litigated enforcement action in federal court in San Francisco, California alleging insider trading against Matthew Panuwat. Of note, the SEC action alleges a so-called “shadow trading” theory of insider trading. Typically, insider trading cases involve trading in company securities that are the subject of the material nonpublic information (MNPI) in question, such as trading in the securities of an acquisition target.
SEC Litigates California Insider Trading Suit
August 30, 2021 The Battle to Boost Competition: Illinois Becomes the Latest State to... by: Matthew J. Feery and Sheryl Jaffee Halpern Employers, Take Note: Rhode Island Amends Equal Pay, Whistleblower,... by: Gregory (Greg) Keating and Francesco (Fran) A. DeLuca EPA Expands Use of FIFRA Criminal Enforcement As It Targets COVID-19... by: Alan J. Sachs and Sarah A. Kettenmann Mask Up, Vax Up: Illinois Governor Issues Immediate Face Covering... by: Michelle S. Strowhiro and Dawn M.
Ensure Disclosure Controls and Procedures Address Cybersecurity | JD Supra
On June 15, 2021, the Securities and Exchange Commission (SEC) announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. The SEC’s order charges First American with violating Rule 13a-15(a) of the Securities Exchange Act of 1934.
Gensler Identifies Insider Trading Plans and Equity Trading Rules as Areas of SEC Focus | JD Supra
This week, SEC Chair Gary Gensler identified Rule 10b5-1 stock trading plans and equity trading rules as fresh areas of regulatory focus for the SEC. Gensler mentioned these areas during prepared remarks at the CFO Network Summit on June 7, at the Global Exchange and FinTech Conference on June 9, and at a meeting of the SEC Investor Advisory Committee on June 10.
SEC Signals Enhanced Scrutiny of SPAC Transactions | JD Supra
On March 31, 2021, the SEC’s Division of Corporation Finance and Acting Chief Accountant issued separate public statements concerning Special Purpose Acquisition Companies (“SPACs”). In these recent statements, the SEC is putting private companies on notice of the myriad of regulatory requirements they will be subject to after becoming public companies. Whether coordinated or not, these statements continue to signal the SEC’s increased scrutiny of SPAC transactions.
Is the USA on a Path To Mandatory Climate Change Disclosure? | JD Supra
On March 15, the SEC announced a 90 day consultation period on mandatory climate change disclosure. Acting Chair Lee cited to the December 2020 work of the ESG Sub-Committee of the Asset Management Advisory Committee which in turn endorsed the development of a taxonomy for disclosure by the Investment Company Institute. Chair Lee’s comments initially focused on Regulation S-K and S-X, while soliciting public comment, there is a focus on asset managers, potentially with a private equity/debt focus.
SEC Examination Risk Alert Signals Focus on Digital Asset Securities
Legal Disclaimer You are responsible for reading, understanding and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only.
Foley Regulatory Reminder: Electronic Delivery of Shareholder Reports under Rule 30e-3 of Investment Company Act | JD Supra
Beginning January 1, 2021, registered management companies and certain registered unit investment trusts that have complied with the required transition period disclosures are now able to use electronic delivery to transmit shareholder reports. Why We are Sending this Reminder To remind registered management companies and unit investment trusts of the steps required to comply with the use of electronic delivery of shareholder reports.
Congress Passes NDAA Legislation Extending SEC’s Disgorgement Powers | JD Supra
On January 1, 2021, the U.S. Congress voted to override a presidential veto of the National Defense Authorization Act (NDAA)1, the annual military spending bill. Tucked away in the 1,400-page legislation are provisions granting the Securities and Exchange Commission (SEC) statutory authority to pursue disgorgement in federal court actions and extending the statute of limitations for the SEC to recover disgorgement from five to 10 years for scienter-based claims.
Division of Examinations Issues Risk Alert on Securities Investment that Finance Communist Chinese Military Companies | JD Supra
On January 6, 2021, the Division of Examinations (“Division”) issued a Risk Alert to notify investment advisers, broker-dealers, and other market participants of a recent action relating to investments in securities associated with Communist Chinese military companies, as well as investors transacting in such securities.
Congress Passes NDAA Legislation Extending SEC’s Disgorgement Powers
Monday, January 11, 2021 On January 1, 2021, the U.S. Congress voted to override a presidential veto of the National Defense Authorization Act (NDAA)1, the annual military spending bill. Tucked away in the 1,400-page legislation are provisions granting the Securities and Exchange Commission (SEC) statutory authority to pursue disgorgement in federal court actions and extending the statute of limitations for the SEC to recover disgorgement from five to 10 years for scienter-based claims.
SEC Proposes Amendments to Rule 144 and Form 144 | JD Supra
On December 22, 2020, the Securities and Exchange Commission voted to propose an amendment to Rule 144 under the Securities Act of 1933 to revise the holding period determination for securities acquired upon the conversion or exchange of certain "market-adjustable securities." The proposed amendment is intended to reduce the risk of unregistered distributions in connection with sales of those securities.
SEC Adopts Modernized Marketing Rule for Investment Advisers | JD Supra
On December 22, 2020, the Securities and Exchange Commission announced it had finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to solicitors. The amendments create a single rule that replaces the current advertising and cash solicitation rules. The final rule is designed to comprehensively and efficiently regulate investment advisers’ marketing communications.
U.S. Department of Labor Issues Final Rule on Proxy Voting and Shareholder Rights by Employee Benefit Plans | JD Supra
On December 11, 2020, the U.S. Department of Labor (“DOL”) announced a final rule establishing a regulatory framework for private employee benefit plans’ fiduciaries to follow when they exercise shareholder rights, including proxy voting, and select and monitor proxy advisory firms.
Foley Regulatory Alert: SEC Modernizes Framework for Registered Fund Valuation Practices | JD Supra
On December 3, 2020, the Securities and Exchange Commission (“Commission” or “SEC”) announced the adoption of a new rule that establishes an updated regulatory framework for valuation practices of registered investment companies and business development companies (“funds”). New rule 2a-5 under the Investment Company Act of 1940 establishes requirements for determining fair value in good faith for purposes of the Investment Company Act.
Lessons Learned From OCIE’s Inspections of Investment Adviser Compliance Programs | JD Supra
The Office of Compliance Inspections and Examinations (OCIE) issued a risk alert on November 19, 2020 related to the Advisers Act compliance rule, Rule 206(4)-7. Some key takeaways for Chief Compliance Officers (CCOs) are as follows: CCOs must be nimble and respond to changes in the business.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Thomas
Contact Thomas, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack