Commissioner Crenshaw Says SEC is Not a Merit-Based Regulator in Response to Climate Rulemaking Criticism
The Securities and Exchange Commission’s rulemaking effort on a climate change disclosure rule has garnered a lot of attention and …
PCAOB May Face Long Odds Completing Audit Quality Indicators Project
In response to investor advocates’ demand, the Public Company Accounting Oversight Board (PCAOB) added “firm and engagement performance metrics” to …
House Republicans Seek SEC Chair Gensler Testimony After Comment Glitch, IG Report
Two senior republicans on the House Financial Services Committee on Oct. 25, 2022, urged the panel’s chair to invite SEC …
SEC Acting Chief Accountant Urges Auditors to Step Up in Detecting Corporate Fraud
Securities and Exchange Commission Acting Chief Accountant Paul Munter issued an Oct. 11, 2022, public statement, urging auditors to do …
SEC Adopts Dodd-Frank Executive Compensation Clawback Rules
The Securities and Exchange Commission on Oct. 26, 2022, voted 3 to 2 to finalize so-called clawback rules that direct …
Fifth Circuit Denies Rehearing in SEC Administrative Judges Decision
The Fifth Circuit on Oct. 21, 2022, denied the SEC’s petition for a full-court rehearing following the May decision in Jarkesy …
SEC Should Absorb PCAOB Functions, Says Commissioner Peirce
Securities and Exchange Commission member Hester Peirce in a speech said that it may serve the public better if the …
House Republicans Demand Details on SEC Comment Glitch
Republican members of the House Financial Services Committee on Oct. 16, 2022, sought answers from the SEC around the scope …
Senate Bill Would Extend Emerging Growth Company Status to 10 Years
A Senate Republican introduced legislation that would double the time a public company could retain its emerging growth company (EGC) …
SEC Provides Extra Time to Comment on 12 Rulemaking Releases Because of a Technical Glitch in Receiving Letters
The Securities and Exchange Commission (SEC) on Oct. 7, 2022, reopened the comment periods for 11 proposals and a request …