Marcum Partner Sues SEC to Block ‘Unconstitutional’ Administrative Enforcement Action
Marcum LLP partner Edward Hackert on February 27, 2024, asked a US district court to block the SEC’s administrative action …
Judge Rejects Audit Firm’s Bid to Halt Discovery in SEC Independence Case
A federal judge on February 22, 2024, denied Prager Metis CPAs LLC’s request to stay discovery as it seeks to …
What Are the Consequences of Auditors Subject to Regulatory Enforcement Actions? Apparently Not Much
Many public company external auditors who were subject of SEC or PCAOB enforcement actions between 2003 and 2019 did not …
With Audit Deficiency Rates Rising, SEC Chief Accountant Calls on Auditors to Step Up
The Securities and Exchange Commission’s (SEC) top accountant Paul Munter is urging external auditors of public companies to do a …
Fund Manager Asks SEC to Write Rule for Disclosure of Revenues From Tobacco
The Securities and Exchange Commission (SEC) already has a jam-packed rulemaking agenda planned for this year, altogether about three dozen, …
SEC Adopts Tougher Rules for SPACs
Almost two years after the Securities and Exchange Commission (SEC) proposed a sweeping set of reforms for special purpose acquisition …
House Bill Introduced to Strip Exemption for Foreign Insider Stock Transaction Disclosures
A House Republican on January 17, 2024, introduced legislation to expand reporting requirements around insider stock transactions at foreign private …
SEC Poised to Adopt Tougher Rules for SPACs
Almost two years after the Securities and Exchange Commission (SEC) proposed a sweeping set of reforms to rein in what …
SEC Plans to Issue 11 Proposals in 2024
The SEC is planning to issue 11 proposals in 2024, according to the so-called Reg Flex Agenda, which lists planned …
Third Proposal, Not Final Action on Dodd-Frank Incentive Pay Rule May Be More Prudent, Experts Say
Financial regulators last year finally decided to propose once again an unfinished Dodd-Frank executive compensation rule. While some reform advocates …