At least nine large law firms drew work from the U.S. Securities and Exchange Commission’s latest enforcement action this week against 26 broker-dealers, corporate insiders and others for widespread recordkeeping failures.
Davis Polk & Wardwell; Sidley Austin; Foley & Lardner; Milbank; Wilmer Cutler Pickering Hale and Dorr; King & Spalding; K&L Gates; Schulte Roth & Zabel; and Morgan, Lewis & Bockius were among the firms listed as defense counsel for the 26 charged firms.
