The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Thu, 07 May 2026 11:32:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png SEC Enforcement FY2025 Results Signal Shift in Priorities in Direct Critique of Prior Administration – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 SEC Enforcement FY2025 Results Signal Shift in Priorities in Direct Critique of Prior Administration https://corpgov.law.harvard.edu/2026/05/05/sec-enforcement-fy2025-results-signal-shift-in-priorities-in-direct-critique-of-prior-administration/?utm_source=rss&utm_medium=rss&utm_campaign=sec-enforcement-fy2025-results-signal-shift-in-priorities-in-direct-critique-of-prior-administration https://corpgov.law.harvard.edu/2026/05/05/sec-enforcement-fy2025-results-signal-shift-in-priorities-in-direct-critique-of-prior-administration/#respond Tue, 05 May 2026 11:30:04 +0000 https://corpgov.law.harvard.edu/?p=180568?d=20260504162314EDT Posted by Lara Shalov Meharban, Ranah Esmaili, and Steve Cohen, Sidley Austin LLP, on Tuesday, May 5, 2026
Editor's Note:

Lara Shalov Meharban, Ranah Esmaili, and Steve Cohen are Partners at Sidley Austin LLP. This post is based on their Sidley memorandum.

On April 7, 2026, the SEC Division of Enforcement published its annual enforcement results for the 2025 fiscal year (October 2024 through September 2025). The Division reported 456 total enforcement actions, the lowest number in at least 20 years, including 303 “stand-alone” actions; 69 “follow-on” administrative proceedings arising from other civil, criminal, or administrative events; and 84 actions against delinquent filers. The SEC also reported approximately $17.9 billion in monetary relief.

These results were published several months later than is typically expected. The following day, the SEC announced that David Woodcock, a law firm partner and former Director of the SEC’s Fort Worth Regional Office from 2011 to 2015, will be appointed Director of Enforcement, effective May 4, 2026. Woodcock is a well-known and widely respected attorney with experience in both government and private practice.

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