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. Fri, 13 Aug 2021 16:44:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 SEC Enforcement Actions Regarding Section 16 Reporting Obligations https://corpgov.law.harvard.edu/2014/10/14/sec-enforcement-actions-regarding-section-16-reporting-obligations/ https://corpgov.law.harvard.edu/2014/10/14/sec-enforcement-actions-regarding-section-16-reporting-obligations/#respond Tue, 14 Oct 2014 13:09:33 +0000 http://blogs.law.harvard.edu/corpgov/?p=66132?d=20141215124814EST Posted by Yaron Nili, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Tuesday, October 14, 2014
Editor's Note: The following post comes to us from John P. Kelsh, partner in the Corporate and Securities group at Sidley Austin LLP, and is based on a Sidley Austin publication by Mr. Kelsh, Paul V. Gerlach, and Holly J. Gregory.

Last month, the SEC announced that it brought enforcement actions primarily relating to Section 16(a) under the Securities Exchange Act against 34 defendants. The defendants were 13 individuals who were or had been officers or directors of public companies, five individual investors, ten investment funds/advisers and six public companies.

This post briefly discusses several noteworthy points regarding this development and also discusses practical steps that companies could consider taking in response.

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