The SEC Division of Enforcement (Division) brought 760 enforcement proceedings in its last fiscal year, a number consistent with pre-pandemic enforcement activity. The SEC also ordered respondents and defendants to pay a record $6.44 billion in penalties and disgorgement. The Division is sure to continue its aggressive approach to enforcement, according to the former SEC officials who analyzed the SEC’s 2022 enforcement results at a Securities Docket program. This article distills the key takeaways from the presentation. See “Recent Developments in SEC, DOJ and Civil Litigation Efforts Targeting Off-Channel Electronic Communications” (Aug. 16, 2023).