Welcome to Compliance Hot Spots, our briefing on compliance, enforcement and government affairs. The Justice Department has been promoting voluntary self-disclosure of white-collar misconduct for months now, but in a new report, Gibson, Dunn & Crutcher notes that the benefits for financial institutions are “neither easy to anticipate nor to quantify.” Also: Thanks to the Supreme Court, the Securities and Exchange Commission is running into more roadblocks in its enforcement efforts.

Thanks for reading—and please do send feedback. It’s always helpful to get tips, ideas and just hear what’s on your plate. I’m at [email protected] and 202-828-0315, or follow me on Twitter @cryanbarber.

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