The SEC’s Division of Enforcement (Division) has released its fourth Annual Report (Report). The Report covers the SEC’s 2020 fiscal year and discusses the Division’s response to the coronavirus pandemic; its efforts to streamline operations; the continuing success of the SEC’s whistleblower program; and the nature of its 715 enforcement proceedings, which yielded $4.68 billion in total monetary relief and $602 million in anticipated payments to affected investors. This article discusses the key takeaways from the Report and the accompanying message from Division Director Stephanie Avakian. For coverage of the Division’s first three reports, see 2017 Report, 2018 Report and 2019 Report.