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On November 2, 2020, the U.S. Securities and Exchange Commission (“SEC”) Division of Enforcement staff published its annual enforcement report for fiscal year 2020. This has been an unprecedented year, including for the SEC’s Division of Enforcement. SEC Chairman Jay Clayton noted that the report highlights “enforcement’s extraordinary efforts” amidst the challenges of the COVID-19

In a press release on September 23, 2020, the US Securities and Exchange Commission (“SEC” or “Commission”), in a split 3-2 vote, amended its whistleblower program in an effort to further encourage whistleblowers to provide tips to the Commission. Along with the new rules, the SEC’s Office of the Whistleblower published guidance regarding the process