Tag: SEC

Regulation April 11, 2023

Recent Investment Company Act Exemption Could Lay Groundwork for More

SEC defines parameters for one tech company to invest in ‘capital preservation instruments’ without having to register as an investment company.

Regulation March 28, 2023

Congress, SEC Move Forward With Electronic Disclosure

Congress has proposed allowing electronic disclosure to investors for SEC registrants, and the SEC is looking to require it for disclosures to the SEC itself.

Regulation March 24, 2023

SEC Market Structure Proposals: Last Week for Public Comments

Interested parties have until the end of March to submit comments on the four SEC market structure proposals.

Regulation March 21, 2023

SEC Reopens Comment Period on Cybersecurity Rule

If approved, the rule would require certain actors to notify the SEC of a significant cyber event within 48 hours.

Regulation March 20, 2023

SEC Proposes Updates to Cyber and Data Security Rules

One new rule from the SEC would update Reg SCI; the other would update Reg S-P, both to require more timely reporting of data breaches.

Regulation March 10, 2023

Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS

Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.

Newsmakers January 31, 2023

Bloomberg Settles SEC Charges of Misleading Pricing Disclosures

Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.

Regulation January 26, 2023

SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal

If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.

Regulation December 15, 2022

SEC Proposes Four New Rules, Adopts One

The new rules would change the way securities are traded and the enforcement of insider trading.

Regulation December 6, 2022

Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations

The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.

Regulation December 5, 2022

Federal Reserve Proposes Climate Risk Framework for Large Financial Institutions

The framework is essentially the same as those proposed by the OCC and FDIC and calls on large financial institutions to account for climate-related physical and transitional risks in its business strategy.

Regulation December 2, 2022

Congressional Republicans Take Aim at SEC Climate Disclosure

Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.

Newsmakers November 30, 2022

PSERS Exploring Legal Action Stemming from Reporting Error

The 2020 fund reporting error’s revision triggered the state’s shared-risk provision, which required school districts, as plan providers, and plan participants to pay more into the system.

Regulation November 29, 2022

Mid-Terms Could Lead to More Regulation than Legislation

Republicans winning control of the House could force the Biden Administration to rely even more on regulations.

Newsmakers November 21, 2022

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.