Supreme Court: Defendants Facing SEC Fraud Charges Involving Penalties are Entitled to Jury Trial
The Supreme Court on June 27, 2024, in a 6-3 ruling in SEC v. Jarkesy, concluded that defendants facing SEC …
Business Group: Banking Agencies’ Incentive Pay Proposal Without SEC, Fed Violates Law
As the Securities and Exchange Commission (SEC) is in the middle of writing a third proposal on Dodd-Frank incentive-based compensation …
PCAOB Adopts Rule Intended to Increase Auditor Accountability
Less than a year after proposing a rule intended to more effectively deter auditor misconduct, the Public Company Accounting Oversight …
SEC Reappoints PCAOB Chair Williams For Second Term
The Securities and Exchange Commission (SEC) on June 11, 2024, said Erica Williams was appointed to a second term as …
SEC Chief Accountant Munter Suggests Clawback Policies for Senior Leaders at Accounting Firms to Promote Trust, Audit Quality
Securities and Exchange Commission (SEC) Chief Accountant Paul Munter said audit firms must set proper tone at the top followed …
Right to Remove: SEC Administrative Enforcement Opt-out Gets Fresh Look as Supreme Court Ruling Looms
The Supreme Court’s looming decision in SEC v. Jarkesy has reignited discussion over “right to remove,” a decades-old concept in which the …
SEC Issues Staff Statement to Assist Companies Affected by Permanent Bar of Audit Firm BF Borgers
The Securities and Exchange Commission (SEC) staff on May 3, 2024, issued a statement to assist public companies that were …
Senate Stablecoin Bill Would Override SEC Crypto Accounting Bulletin
A bipartisan stablecoin framework rolled out on April 17, 2024, by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) would …
Segment Reporting, AI, Commercial Real Estate are Among SEC Disclosure Review Priorities for 2024
At a conference, senior Securities and Exchange Commission (SEC) officials said that the staff will closely review several areas, including …
Incorporating New SEC Rules Into Disclosure Review Program is a Priority, Senior Official Says
A senior Securities and Exchange Commission (SEC) official said that a key priority for the Division of Corporation Finance (CorpFin) …