S&P Global Settles SEC Conflict of Interest Charges
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Regulation
SEC Rakes in Record $6.44 Billion in Penalties, Disgorgement in Fiscal 2022
Whistleblower program doles out $229 million.
SEC Seminar Provides Additional Clarity on Marketing Rule
A seminar hosted by the SEC today discussed some of the applications of the new rule and the expectations of the SEC.
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Canadian Pension Giant Aims to Close Net-Zero Reality Gap
CPPIB releases framework to help companies meet net-zero goals using reliable data and disclosures.
SEC Approves New Rules for Proxy Voting
The new rule requires institutional investment managers to disclose their proxy votes on executive compensation and makes updates to Form NP-X.
Proposed Legislation Aims to Improve Diversity in College Endowment Asset Management
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
Erroneous Executive Incentive Pay Must be Recovered, Says SEC
A new finalized rule by the SEC would require securities firms to ‘clawback’ executive incentive pay if it was based on an accounting error.
Kim Kardashian Agrees to Pay SEC $1.26 Million for Touting Crypto
Reality TV star also agreed not to promote digital tokens for three years for failing to disclose promotional payment.
SEC, CFTC Fine 11 Financial Firms Nearly $2 Billion for Recordkeeping Failures
The regulators say the violations impeded their ability to conduct investigations.
US DOL Extends Comment Period for QPAM Exemption Proposal
Regulator also schedules a hearing for November 17, deadline for requests to testify is October 11.
SEC, CFTC Propose Reporting Changes to Keep Up With Private Fund Industry
Regulators cite rapid growth and the increased complexity of the private fund industry for need to amend confidential filing rules.
SEC Adopts Amendments to Proxy Voting Advice Rules
SEC leaders say the final amendments aim to avoid burdens on proxy voting businesses that may impair the timeliness and independence of their advice.
CFTC Charges South African Firm and CEO With $1.7 Billion Bitcoin Fraud
Regulator says it is the largest fraudulent scheme involving the cryptocurrency in any CFTC case.
PBGC Finalizes Rescue of Ailing Multiemployer Pension Plans
The aid, which has been operating on an interim basis, has already protected nearly 130,000 individuals’ pension benefits across some 560 businesses.