House Hearing Finds Broad Agreement on Need for SPAC Liability Reforms
Witnesses at a May 24, 2021, House Financial Services subcommittee hearing broadly agreed on the need for reforms to liability …
Progressives to SEC Chair Gensler: Fire all Members of Audit Regulatory Board
Citing partisanship at the audit regulatory board, progressives are pressuring SEC Chair Gary Gensler to fire all current members of …
It’s Official: SEC to Undertake Disclosure Rulemaking on Climate Change and Workforce Management
New SEC Chair Gary Gensler said he wants the agency to write more prescriptive rules on corporate disclosures of climate …
Rep. Brad Sherman on FASB, GameStop, Archegos, and China
As chairman of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee of the House Financial Services Committee, Rep. Brad Sherman …
House Panel Advances Climate Risk Disclosure Bill
The House Financial Services Committee on May 12, 2021, advanced a bill mandating new corporate disclosures on climate risk. The …
SEC Staff is Playing Catch-Up Reviewing SPAC Filings
SPACs are everywhere these days. This also means the SEC’s disclosure review team is playing catch-up to make sure their …
SPACs, Others Get New, Easier Accounting Rules for Some Warrants
The FASB on May 3, 2021, published a narrowly tailored accounting standard that makes it easier to report about written …
Denying Claims of Unlawful Termination, PCAOB Countersues Former Senior Officer
The PCAOB and its chairman William Duhnke countersued Sue Lee, a former senior officer of the audit regulatory board who …
Senate GOP Bill Would Require New SPAC Disclosures
Sen. John Kennedy, a Louisiana Republican, on April 29, 2021, introduced legislation directing the SEC to impose new disclosure rules …
House Financial Services Committee to Tackle SPAC Frenzy
A House Financial Services subcommittee on May 24, 2021, will examine the recent proliferation of special purpose acquisition companies (SPACs) …