In remarks to the Securities Enforcement Forum West 2024, Gurbir S. Grewal, Director of the SEC Division of Enforcement (Division), stressed the benefits of meaningful cooperation with the Division and discussed five principles of effective cooperation: self-policing, self-reporting, remediation, cooperation and collaboration. The speech underscores the Division’s approach to cooperation and the potential benefits available to targets of SEC investigations. This article discusses the key takeaways from the speech. See “Recent SEC Whistleblower Cases Focus on Repressive Language in Employment Related Agreements” (Jan. 17, 2024).