Another Defendant Challenges SEC’s Application of NDAA Disgorgement Powers
A fourth defendant in the SEC’s “Sharp Group” microcap fraud action is challenging the commission’s use of an expanded statute …
New SEC Staff Accounting Bulletin Covers ‘Spring-Loaded Awards’
The SEC staff has issued interpretive guidance to help companies properly calculate and disclose compensation cost for “spring-loaded awards” given …
PCAOB’s 2022 Budget is Set to Increase 8 Percent to $310.3 Million
The PCAOB on November 23, 2021, voted 3 to 0 to approve its 2022 budget of $310.3 million, an increase …
Apples and Avocados: Pay Ratio’s Limitations Undercut Progressive Aims
The SEC’s Dodd-Frank pay-ratio rules are central to a flurry of Democratic legislation designed to expand executive compensation disclosures or …
SEC Commissioner Crenshaw Urges Companies to Improve XBRL Tagging
SEC Commissioner Caroline Crenshaw in a speech said that requiring public companies to use structured data format in certain filings has been …
FASB Proposes Modest Revisions to Interim Disclosure Rules
The FASB on November 1, 2021, proposed modifications to interim disclosure rules aimed at helping companies to provide more meaningful …
Senate Republican Introduces Venture Exchange Bill
Sen. John Kennedy, a Louisiana Republican, on October 28, 2021, introduced legislation that would facilitate the creation of venture exchanges. …
Lawmakers Grapple with Ramifications of Delisting Chinese Companies
Lawmakers during an October 26, 2021, House Financial Services subcommittee hearing mulled over the ramifications of delisting U.S.-traded Chinese companies …
Gensler Prefers Corporate Climate Change Disclosure in Annual Reports
SEC Chair Gary Gensler would prefer that climate change disclosures be placed in the annual reports on Form 10-K. This means …
IS PCAOB in Limbo as SEC Drags Its Feet in Naming Board Members?
More than four months after SEC Chair Gary Gensler said he would seek to fill all five voting members of …