After a busy news week, here's a look at a few corporate enforcement issues we previously missed:

Double Your Pleasure

The U.S. Securities and Exchange Commission has named co-directors of its Division of Enforcement. The SEC said on June 8 that acting director Stephanie Avakian and former federal prosecutor Steven Peikin will jointly lead the agency's largest unit with more than 1,200 investigators, accountants, trial attorneys and other professionals. Avakian was named acting director in December 2016 after serving as deputy director of the division since mid-2014. Before being named deputy director, Avakian was a partner at Wilmer Cutler Pickering Hale and Dorr. Peikin served as an assistant U.S. attorney in Manhattan and most recently was managing partner of Sullivan & Cromwell's criminal defense and investigations group.

Save the SEPs

The practice of allowing a company to mitigate penalties for damaging the environment by letting it undertake a supplemental environmental project (SEP) may become an endangered species. U.S. Attorney General Jeff Sessions issued a brief memorandum on June 7 barring U.S. Department of Justice from entering into any civil or criminal settlement that would provide for a payment by a defendant to any nongovernmental person that is not a party to the dispute. Where does this leave SEPs? “Hanging on by a thread,” Seth Jaffe, a partner at Foley Hoag, recently wrote on the firm's Law & The Environment blog.