Indeed, the FCC referenced a "whistleblower report" obtained by conservative activists as one source of its information as to the illegal DEI practices it seeks to combat through its most recent enforcement action. In addition, the review process directed by the DEI EO could trigger collateral investigations. For example, the Securities and Exchange Commission (SEC) has pursued enforcement actions based on false or misleading statements about environmental, social, and governance (ESG) factors and could rely on similar theories to target disclosures related to corporate DEI programs and initiatives. This is in addition to the risk of class action lawsuits alleging that companies misled investors about financial risks linked to ESG and DEI initiatives in violation of federal securities laws. Further, several state Attorneys General have also voiced support for the DEI EO and demonstrated an intent to use their authority under state law to advance its principles.