SEC Has Over 50 Rulemaking Projects, but a ‘Phenomenally Important’ One is Missing
There is no doubt that SEC Chair Gary Gensler’s near-term rulemaking agenda is ambitious with over 50 items. But there …
Republicans Look to Limit Fed’s Central Bank Digital Currency Power
A House Republican on January 12, 2022, announced legislation barring the Federal Reserve from issuing a central bank digital currency …
Like it or Not, Dodd-Frank Clawback Rule Coming
The SEC under the leadership of Chair Gary Gensler is expected to move forward with unfinished Dodd-Frank executive compensation rules, …
States Back Challenge to SEC’s Approval of Nasdaq Board Diversity Standards
A coalition of 17 states in a December 27, 2021, amicus filing backed a challenge to the SEC’s approval of …
SEC Commissioner Peirce Uses Rat Anecdote to Make Case for Longer Comment Period
SEC Commissioner Hester Peirce in a statement emphasized that the commission ought to allow ample time for the public to weigh in …
SEC Investor Advocate Urges New PCAOB to Reinstitute Investor Advisory Group
The SEC’s Office of the Investor Advocate in a report encouraged the PCAOB to reinstitute “a meaningful investor advisory group …
PCAOB Issues Report on China, Hong Kong Determinations under Holding Foreign Companies Accountable Act
The PCAOB on December 16, 2021, issued a report relaying to the SEC its determinations that the board is unable to …
SEC Plans to Repropose ‘Pay Versus Performance’ Rule Instead of Finalizing It
SEC Chair Gary Gensler has put a priority on finishing up Dodd-Frank compensation rules, but the commission is hitting the …
House Passes ‘Tough Legacy’ LIBOR Bill
A bill that seeks to head off an impending crisis related to some $16 trillion worth of so-called “tough legacy” …
Near-Term Implications of New SEC Staff Interpretation on Rules Governing Shareholder Proposals May Not be Big
As the 2022 proxy season comes up, how much the SEC staff’s recent interpretation on rules governing shareholder proposals will …