New SEC Staff Interpretation on Rules Governing Shareholder Proposals is Affecting 2022 Proxy Season
The 2022 proxy season is in full swing and going well, according to the SEC staff’s perspective. The number of …
Top SEC Accountant Continues Focus on Materiality Assessment of Financial Reporting Errors
In a March 9, 2022, statement, the SEC’s Acting Chief Accountant Paul Munter described in greater detail about the assessment of …
Budget Deal Preserves Ban on SEC Political Spending Disclosure Rule
A fiscal 2022 appropriations deal announced on March 9, 2022, would maintain a ban on the SEC issuing corporate political …
Senate Bill Would Create SEC-Led Database of Securities Law Violators, Other Offenders
Sen. John Kennedy, a Louisiana Republican, on March 1, 2022, introduced legislation to create an SEC-overseen database of individuals convicted …
Frustration Mounts over SEC Chair Gensler’s Rulemaking Blitz
Gary Gensler, in late July 2013 testimony before the Senate Banking Committee – an appearance near the end of his …
In an Unusual Move, SEC’s Acting Chief Accountant Suggests Standard-Setting Priorities for Accounting Board
In an unusual move, Paul Munter, the SEC’s acting chief accountant, in a public statement emphasized the importance of investor views …
House Democrat Introduces Bill to add LGBTQ+ to Office of Minority and Women Inclusion Mandate
A House Democrat on February 3, 2022, introduced a bill that would amend the Dodd-Frank Act to broaden the scope …
SEC Proposes Cyber Risk Management, Reporting Requirements for Advisers, Funds
The SEC on February 9, 2022, proposed a series of new cybersecurity risk management, reporting, and recordkeeping requirements for registered …
Trading Ban Acceleration Passes House in China Competition Bill
The House on February 4, 2022, voted 222 to 210 to pass a sweeping bill designed to strengthen U.S. economic …
Former SEC Chair White: Congress, Stay in Your Lane
At a conference last week, Mary Jo White expressed the frustrations she had of dealing with congressional interference in independent …