The SEC emphasises a strategic shift toward prioritising cases that directly prevent investor harm, particularly fraud affecting retail investors, while increasing accountability for individuals, with two-thirds of standalone actions involving individual wrongdoers and 119 officer and director bars issued. The report also highlights continued enforcement in emerging risk areas such as crypto assets, AI, and cybersecurity, alongside stronger efforts to combat cross-border fraud and abusive trading schemes. Overall, the SEC underscores a recalibrated..