Blog

The recent establishment of the National Fraud Enforcement Division (NFED) marks a significant structural shift within the Department of Justice. While initially framed by the administration as a targeted strike against government program fraud, emerging reports suggest a much wider ambition. By retaining veteran prosecutors from the Criminal Division’s Market, Government, and Consumer Fraud Unit, the NFED is positioning itself

Fridman Fels & Soto partner Alejandro Soto was recently quoted in Ignites, a financial industry publication covering securities regulation and investment management, regarding the SEC’s proposal to permit semiannual reporting by public companies. The article, titled “SEC Floats Semiannual Reporting Option for Public Firms” (Ignites, May 6, 2026), examines how the proposed changes could impact investors, market transparency, and the

If you’ve received a subpoena, the first question is simple: How serious is this? The answer depends on who issued it and what stage the investigation is in. Two of the most common federal subpoenas come from the U.S. Securities and Exchange Commission (SEC) and a federal grand jury. While both are serious, they serve very different purposes—and carry different

If federal agents show up with a search warrant, the situation is serious. Whether it’s the Federal Bureau of Investigation (FBI) or another federal agency, this usually means a judge has already approved a warrant based on probable cause. Bottom line: You may already be part of a federal investigation—even if you haven’t been charged. What a Federal Search Warrant

If the Federal Bureau of Investigation (FBI) contacts you, it’s natural to assume the worst. In many cases, yes—you may be under investigation. But not always. The reason behind the contact matters, and how you respond can significantly impact what happens next. This guide breaks down what it actually means when the FBI reaches out, what scenarios are most common,