Steven Peikin, Co‑Director of the SEC Division of Enforcement (Division), recently delivered the keynote speech at the Southeastern Securities Conference 2019. In his remarks, Peikin explored the performance of the Division over the prior year, highlighting efforts to protect retail investors; allocation of Division resources, including through innovations like the recent Share Class Self-Disclosure Initiative; and the Division’s adaptation to technological change. Peikin’s address provides valuable insight for fund managers into the workings of the SEC, such as how the Division works with various other groups within the Commission, as well as the evolution of the regulator’s approach to pursuit and enforcement of various violations and penalties. This article highlights the key points from Peikin’s remarks. For coverage of another speech from Peikin, see “What Remedies and Relief Can Fund Managers Expect in SEC Enforcement Actions?” (Jan. 10, 2019).