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) …
Institutional Investors Urge SEC Chair Gensler to Name Chief Accountant who Understands Investors Needs
In a letter to new SEC Chair Gary Gensler, the Council of Institutional Investors (CII) urged him to appoint a …
SEC Restarts Universal Proxy Rulemaking Opposed by Business Groups
Four and a half years later, the SEC is formally restarting its project to draft a universal proxy rule for contested director elections, …
Group Tells SEC Chair Gensler that Accounting Standard-Setter is Ignoring Investor Views
A group of investment analysts who are well-versed in accounting renewed its call on the need to make changes at …