Home / Agencies / SEC / 2025-11332
Final Rule

Policy Statement Concerning Agency Referrals for Potential Criminal Enforcement

Agency
SEC
Document Number
2025-11332
Published
June 20, 2025
Effective Date
June 20, 2025

Abstract

Pursuant to Executive Order 14294, the Securities and Exchange Commission ("Commission") is publishing this framework for staff consideration of whether to refer potential violations, including of criminal regulatory offenses, to the Department of Justice.

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

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Frequently Asked Questions

What is the 2025-11332 Federal Register document?
Document 2025-11332 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on June 20, 2025, with an effective date of June 20, 2025. Pursuant to Executive Order 14294, the Securities and Exchange Commission ("Commission") is publishing this framework for staff consideration of whether to refer potential violations, including of criminal regulatory offenses, to the Department of Justice. View the original at https://www.federalregister.gov/documents/2025/06/20/2025-11332/policy-statement-concerning-agency-referrals-for-potential-criminal-enforcement.
Is document 2025-11332 an economically significant rule?
No. Document 2025-11332 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

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