Tag: SEC
Washington Moves to Reassess Climate Disclosure Framework The U.S. Securities and Exchange Commission has opened a formal consultation on climate related disclosures, signaling a renewed push to modernize corporate reporting...
• Business groups petition the Supreme Court to pause California’s emissions and climate-risk disclosure mandates as lawsuits advance.• Two laws could require more than 6,000 companies operating in the state...
• SEC tells court it won’t review climate rule—and won’t commit to enforcing it• Commissioner Crenshaw: “The unspoken truth is the answer is no”• Legal uncertainty clouds future of U.S....
The U.S. Securities and Exchange Commission (SEC) has formally withdrawn two proposed rules central to the Biden-era ESG regulatory agenda—one requiring enhanced ESG disclosures from investment advisers, and another revising...
The U.S. Securities and Exchange Commission (SEC) has approved the Green Impact Exchange (GIX), paving the way for the country’s first national stock exchange dedicated to sustainability. GIX will offer...
The SEC voted today to stop defending its rules requiring companies to disclose climate risks and greenhouse gas emissions. Acting Chairman Mark T. Uyeda called the disclosure requirements “costly and...
The SEC announced a six-month delay for funds to comply with the recently amended Investment Company Act “Names Rule,” which ensures fund investments match their advertised ESG or sustainability strategies....
For more from Tim Mohin, sign up for his newsletter here The SEC’s beleaguered ESG agenda took another hit this week as their Enforcement Division’s Climate & ESG Task Force, set up...
Despite pushback against Environmental, Social, and Governance (ESG) initiatives, US climate disclosure is gaining momentum through state-level and federal supplier requirements, even as the SEC’s climate rule faces delays. State-Level...
The SEC, in collaboration with CFA Institute and CFA Society Thailand, hosted a training seminar to advance the integration of ESG (Environmental, Social, and Governance) factors into securities analysis and...
The Securities and Exchange Commission today proposed amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments would add new requirements and prohibitions to the...
The Securities and Exchange Commission today announced an award of more than $28 million to joint whistleblowers who provided critical information and assistance in an SEC enforcement action. The joint...
Defendant, who was arrested and jailed in a federal prison in Puerto Rico, is awaiting transport to NYC on parallel criminal charges The Securities and Exchange Commission today charged Avraham...
The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided...
Fast Food Company Charged for Public Disclosure Violations The Securities and Exchange Commission today charged Stephen J. Easterbrook, former CEO of McDonald’s Corporation, with making false and misleading statements to...
The Securities and Exchange Commission today announced that former federal prosecutor Antonia M. Apps will become Regional Director of the New York Regional Office next month. Thomas Smith and Maurya...
The Securities and Exchange Commission announced charges against Honeywell International Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Brazil...
Research Firm CEO Who Interacted with FDA on Company’s Behalf Also Charged The Securities and Exchange Commission today charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and...
Bank Agrees to Pay More than $400 Million to Settle SEC Charges The Securities and Exchange Commission today announced fraud charges against Danske Bank, a multinational financial services corporation headquartered...
The Securities and Exchange Commission today charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of...
The Securities and Exchange Commission today reopened the comment period on proposed amendments intended to modernize and improve the disclosure required about an issuer’s repurchases of its equity securities, often...
Company Agrees to Pay a Record Penalty in Regulation FD Cases of $6.25 Million The Securities and Exchange Commission today announced that AT&T agreed to pay a $6.25 million penalty...
The Securities and Exchange Commission charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as ESG...
The Securities and Exchange Commission today instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend...
The World’s Largest Sustainability Database for Food Products Brings Granular Reporting on GHG Emissions to Allow Brands to Track and Reduce their Carbon Footprint HowGood, an independent research company with...
Commission filed 760 enforcement actions and recovered record $6.4 billion in penalties and disgorgement on behalf of investing public The Securities and Exchange Commission today announced that it filed 760...
Trade Coin Club raised money from more than 100,000 investors worldwide The Securities and Exchange Commission today announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan...
The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement...
The Securities and Exchange Commission today proposed a new rule and rule amendments under the Investment Advisers Act of 1940 to prohibit registered investment advisers from outsourcing certain services and...
The Securities and Exchange Commission voted today to adopt rule and form amendments to require mutual funds and exchange-traded funds to transmit concise and visually engaging shareholder reports and to...
The Securities and Exchange Commission today adopted rules to require securities exchanges to adopt listing standards that require issuers to develop and implement a policy providing for the recovery of...
The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017...
The Securities and Exchange Commission today announced insider trading charges against two Canadian software engineers who made $1.6 million by trading ahead of non-public, market-moving financial information. See related articles:...
On September 29, 2022, the Securities and Exchange Commission today charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount...
Defendant presented himself as a special forces veteran and Harvard grad to gain investor trust The Securities and Exchange Commission today charged Justin Costello for using a false persona, as...
SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricanes Ian and Fiona. While the safety of local residents is the highest priority,...
Clients selected their own samples and prepared workpapers The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global...
Firms admit to wrongdoing and agree to pay penalties totaling more than $1.1 billion On Tuesday, September 27, 2022, the Securities and Exchange Commission announced charges against 15 broker-dealers and...
Company also Charged for Disclosure Control Failures Involving Mercury Contamination in Brazil On Friday, September 23, 2022, the Securities and Exchange Commission announced settled charges against Compass Minerals International Inc....
Former CEO Agrees to Settle to Same Charges and Pay $1 Million The Securities and Exchange Commission charged The Boeing Company and its former CEO, Dennis A. Muilenburg, with making...
Senior legal analysts explore the latest SEC initiatives around ESG disclosure for asset managers, as well the strident opposition and likely legal challenges the agency’s controversial proposals will encounter As...
Researchers from the SEC’s Office of the Investor Advocate (OIAD) released an independent research study examining the impact of mutual fund performance benchmarks on investor decision-making, and potential strategic behavior by firms...
On Monday, September 19, 2022, the Securities and Exchange Commission issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto...
The Securities and Exchange Commission today charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first...
The Securities and Exchange Commission today proposed rule changes that would enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury...
Listed companies will be required to credibly commit to good green governance Companies can dually list alongside their primary exchange Listing standards embed a culture of green compliance directly into...
The Securities and Exchange Commission today announced charges against a number of investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their...
The Securities and Exchange Commission today charged Energy Innovation Capital Management, LLC (EIC), a California-based exempt reporting adviser, with charging excess management fees from two venture capital funds. EIC has...
The Securities and Exchange Commission today voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments, which the Commodity...
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee released the agenda for its virtual meeting on Tuesday, Aug. 2, which will address liquidity challenges for investors in small and emerging businesses....
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