On October 9, the SEC announced that it would not seek further review of the U.S. Court of Appeals for the District of Columbia’s July ruling prohibiting the SEC from retroactively applying the Dodd-Frank Act’s sanctions provisions to violations occurring before the Act’s effective date. Koch et al. v. SEC, No. 14-1134 (D.C. Cir. Jul. 14, 2015). In addition, the SEC further advised that persons subject to an existing SEC order that may be impacted by the Koch decision, because the conduct involved occurred before the July 22, 2010 effective date of Dodd-Frank, may apply for relief from the Commission’s order.