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AI Tools for Securities Lawyers
AI tools that help securities lawyers research SEC filings, analyze market data, track regulatory enforcement actions, and advise clients on capital markets compliance and transactions.
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Total actions found
14 Rule 10b-5 insider trading enforcement actions with settlements over $1M in 2023–2024
Largest settlement
SEC v. [Defendant] · $34.2M civil penalty · trading on MNPI from corporate M&A counsel
Novel theory
3 actions involved trading by "remote tippees" with 4+ removes from insider — expanding tipper-tippee liability
Emerging pattern
Options trading before earnings announcements flagged in 8 of 14 actions — heightened surveillance signal
SEC filing review and due diligence
Pull registration statements, proxy filings, 8-K disclosures, and annual reports for any public company. Identify material risk factors, related-party transactions, and changes in management guidance.
Pull all 8-K filings for Rivian Automotive in the 6 months before their Q4 2022 earnings announcement. Flag any that disclosed production guidance changes or supply chain issues.
Found 11 8-K filings in the period. Key disclosure: August 2022 8-K revised annual production guidance from 50,000 to 25,000 vehicles — a 50% downward revision. September 8-K disclosed a supplier component shortage. These predate the earnings miss and are material to any Section 10(b) claims about the adequacy of prior disclosures. All filings with dates and exhibit summaries listed.
ToolRouter search_filings
8 pages
Insider trading and market manipulation analysis
Analyze historical stock price data, trading volumes, and option activity around key corporate events to identify anomalous patterns potentially indicating insider trading or market manipulation.
Show daily trading volume and closing price for a merger target company for the 30 days before and after the acquisition announcement on June 15, 2023. Flag any volume spikes exceeding 3x the 90-day average.
Price increased 34% on announcement day. Volume spike of 8.2x the 90-day average detected on June 14 — the day before announcement. Three additional trading days in the preceding two weeks showed 3–5x volume anomalies. Pattern consistent with pre-announcement information leakage. Data formatted for potential SEC referral memo.
ToolRouter get_historical
DatePriceVolume
Jun 1$24.10890K (0.9x avg)
Jun 8$25.403.1M (3.2x avg)
Jun 14$26.807.9M (8.2x avg) ⚠️
Jun 15 (announcement)$36.0041.2M
Volume spike of 8.2x on June 14 (day before announcement) — flagged for potential insider trading analysis
Regulatory enforcement tracking
Monitor SEC, FINRA, CFTC, and DOJ enforcement actions to stay current on agency priorities, settlement ranges, and emerging theories of liability in securities cases.
What enforcement actions has the SEC brought against broker-dealers in 2024 for best execution violations or payment for order flow issues? Include penalty amounts.
Found 6 enforcement actions in 2024 on best execution and PFOF. Penalties: $200K to $4.3M. Largest: failure to maintain policies for evaluating routing quality. Three actions cited inadequate disclosure to retail customers. Agency priority signal: 40% increase in best execution enforcement vs. 2023. Summary with case names, charged parties, and penalty amounts.
ToolRouter search_actions
Total actions
6 enforcement actions against broker-dealers for best execution and PFOF violations in 2024
Penalty range
$200K to $4.3M · largest: failure to maintain routing quality evaluation policies
Common theme
3 actions cite inadequate disclosure to retail customers about order routing practices
Trend signal
40% increase in best execution enforcement vs. 2023 — clear agency priority escalation
Securities law and case precedent research
Search federal court decisions on securities fraud, registration exemptions, broker-dealer liability, and investment adviser obligations across multiple jurisdictions.
Find Second Circuit and Ninth Circuit cases from 2018–2024 analyzing the "maker of a statement" standard under Janus Capital for securities fraud claims against outside advisors.
Found 12 circuit court decisions applying Janus Capital's "maker" standard. Split: Second Circuit narrowly applies Janus to bar most third-party claims; Ninth Circuit recognizes broader liability for parties who participate in drafting. Four cases pending certiorari as of 2024. Summary table with case names, holdings, circuit, and citation provided.
ToolRouter search_cases
Total cases
12 circuit court decisions applying Janus Capital's "maker of a statement" standard
2nd Circuit
Narrowly applies Janus — bars most third-party advisor claims; strict control test
9th Circuit
Broader liability recognized for parties participating in drafting — tension with 2nd Circuit
Certiorari pending
4 cases currently on certiorari petitions as of 2024 — circuit split likely to be resolved
Client company competitive intelligence
Research competitors, market position, and industry trends to advise clients on disclosure obligations and material information thresholds in transactions and proxy contests.
Research the top 5 competitors to a fintech payments company preparing for a Series C. I need recent funding rounds, SEC filings if public, and material press releases about their expansion plans.
Competitive analysis: 2 public competitors have recent 10-K filings flagging market saturation risk. 3 private competitors: $180M Series D (Stripe-adjacent), $95M Series C (B2B focus), $40M seed (early stage). One acquisition: target acquired for $210M in Q1 2024, establishing a pricing precedent for your client's valuation range.
ToolRouter research_company
Public competitors (2)
Recent 10-K filings flag market saturation risk — differentiation themes for your client's pitch
Private Series D competitor
$180M raise (Stripe-adjacent positioning) — pricing comparison benchmark
M&A precedent
Competitor acquired for $210M in Q1 2024 — establishes valuation reference for Series C
Series C comp
$95M raise (B2B focus) — most comparable to your client's positioning
ToolRouter search_filings
6 pages
Ready-to-use prompts
Pull SEC enforcement actions
Find all SEC enforcement actions from 2022 to present involving digital asset securities or cryptocurrency exchanges. Include defendant names, alleged violations, and penalty amounts. Summarize any novel legal theories regarding crypto as securities.
Review 10-K risk factors
Pull the most recent 10-K for Tesla, Inc. Extract all risk factors related to supply chain, litigation, and regulatory compliance. Flag any risk factors that were added or materially modified compared to the prior year filing.
Stock trading pattern analysis
Get daily closing price, volume, and short interest data for Bed Bath & Beyond (BBBY) for the 60 days before its bankruptcy filing on April 23, 2023. Include comparison to the S&P 500 performance over the same period.
Research Reg D exemption
Summarize the current requirements for a Regulation D Rule 506(c) private placement exemption. Include accredited investor verification requirements, bad actor disqualification rules, Form D filing deadlines, and general solicitation rules.
Find securities fraud precedents
Find federal court decisions from 2019–2024 applying the PSLRA's heightened pleading standard to securities class actions involving forward-looking statements and the safe harbor defense. Focus on 9th Circuit and 2nd Circuit holdings.
Investment adviser marketing rules
Summarize the SEC's 2022 Marketing Rule under the Investment Advisers Act. Include restrictions on testimonials, performance advertising, third-party ratings, and any enforcement actions taken under the new rule in 2023–2024.
Form 4 insider trading review
Search SEC EDGAR for all Form 4 insider trading filings for Amazon.com directors and officers in the past 12 months. Identify any sales transactions over $5 million and flag the timing relative to earnings announcement dates.
Tools to power your best work
SEC FilingsSEC EDGAR filings & financial data
Deep ResearchAI research reports with citations
Stock MarketQuotes, history & analyst insights
Finance DataMarkets, rates, commodities & macro
Regulatory ActionsSEC, CFPB, FDIC & Federal Register
Legal ResearchCase law, statutes, regulations & legislation worldwide
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Securities litigation case assessment
Evaluate a potential securities fraud case by pulling company filings, analyzing trading patterns, and researching legal precedents — before filing.
Capital markets transaction due diligence
For IPOs, SPAC mergers, or secondary offerings, review target company filings, assess competitive position, and track recent regulatory developments affecting the offering document.
Frequently Asked Questions
How current is the SEC enforcement action data?
The Regulatory Actions tool pulls from SEC EDGAR enforcement releases and FINRA disciplinary actions, updated as agencies publish new actions. For matters filed in the last 48 hours, check the agency websites directly as there can be a short indexing lag.
Can the stock market data be used to establish trading patterns for litigation?
Yes, the historical price and volume data is suitable for identifying anomalous trading patterns and preparing preliminary litigation analysis. For expert witness reports or court filings, the underlying data should be independently verified against exchange data or licensed financial data sources.
Does the SEC filings tool cover registration statements and prospectuses?
Yes. SEC Filings covers all EDGAR form types including S-1, S-3, F-1 registration statements, 424 prospectuses, 10-K, 10-Q, 8-K, proxy statements (DEF 14A), and Form 4 insider reports. You can search by company, ticker, form type, and date range.
Can I research enforcement actions from other agencies like CFTC or FINRA?
Regulatory Actions covers SEC, FINRA, and some CFTC enforcement data. For comprehensive CFTC enforcement history, use Deep Research to supplement with the CFTC's public enforcement database.
How does the case law tool handle federal securities law precedents?
Legal Research covers federal district courts, circuit courts of appeals, and Supreme Court decisions across all jurisdictions. You can filter by circuit or district court, specify time ranges, and search by legal standard or statute. Results include case name, court, date, holding, and citation.
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