The SEC’s Enforcement Division Director Margaret Ryan recently delivered her first public remarks which provide helpful insight into the division’s priorities under her leadership. Director Ryan outlined her guiding principles, approach to the enforcement process, and substantive priorities. These were her first public remarks since becoming Director of the SEC’s Enforcement Division in September 2025.

The US Securities and Exchange Commission (SEC) has adopted amendments that will change the way filers access and manage their accounts on EDGAR (changes collectively referred to as “EDGAR Next” by the SEC). Among other things, EDGAR Next will phase out and ultimately eliminate the EDGAR access codes that filers (and financial printers and other