DI Watch List - May 05, 2025
119 U.S. Companies with Confirmed, Undisclosed SEC Investigations
This month it’s even bigger - we’re now tracking 119 companies with confirmed, and ongoing undisclosed SEC investigations. Last month it was 112. Going all the way back to 2000, this is the largest number of undisclosed SEC investigations of public companies we’ve ever found.
Last September, 2024, we were only tracking 77 companies on our Watch List. This isn’t because I suddenly decided to work harder. The increase is solely a function of what DI’s FOIA research is uncovering.
I don’t yet know what this all means. Trump 45 had a very light touch with the SEC. Aside from nearly every crypto investigation being shut down, it’s too early in Trump 47’s term to make sense of a 54% increase in SEC investigative activity at public companies since last autumn.
The backlog of research-in-process also remains one of the biggest we’ve ever seen. Those reports will keep coming out in May. All I can do at this point is alert you to this change and promise I’m paying close attention.
As a reminder, Disclosure Insight is an independent research provider focused solely on public company interactions with the SEC. We’ve been at it since 2000, consistently delivering expertise no one on Wall Street can match.
If you’re a professional interested in learning more about our all-access service level, feel free to email or call me. No matter your service level, my goal is to help you make money and, above all, avoid losses.
Please tell others. You can even forward this report to whoever you like. As always, I thank you for your support. - John
John P. Gavin, CFA, NACD.DC
You need to click on the printable PDF below to access this report.
When we alert you to existence of an undisclosed SEC probe, that means we filed a Freedom of Information Act (FOIA) request with the United States Securities and Exchange Commission (SEC) on the company in question and have a response, in black-and-white, on government letterhead that supports our statement. The only thing we know at this time is that the investigation(s) somehow pertains to the conduct, transactions, and/or disclosures of the companies referenced.