SEC Disgorgement Fix Included in Defense Spending Bill
By Bill Flook Language strengthening the SEC’s ability to recoup ill-gotten gains on behalf of defrauded investors is included in …
SEC Official Shares Observations on Critical Audit Matter Disclosures, COVID-19 Related CAMs
By Soyoung Ho A senior SEC official at a conference urged auditors of smaller public companies to continue with their …
SEC Rolls Back Requirements on MD&A, Financial Data
By Bill Flook The SEC on November 19, 2020, issued final rules to streamline requirements in management’s discussion and analysis …
SEC Proposes to Update, Expand Equity Compensation Exemption
By Bill Flook The SEC on November 24, 2020, proposed to update the exemption allowing private companies to offer equity …
SPACs are Hot but Difficult to Pull Off
By Soyoung Ho SPACs are hot. Once regarded as somewhat shady as blank check companies, they have become the darling …
Senate Democrats Have Harsh Words for Departing SEC Chairman
By Bill Flook The top Democrat on the Senate Banking Committee lambasted outgoing SEC Chairman Jay Clayton for implementing “one …
SEC Unlikely to Issue Interpretive Guidance on Human Capital Management Disclosure
By Soyoung Ho When the SEC in August adopted a new rule for public companies to provide information to investors …
SEC Asks Court to Toss Out Institutional Shareholder Services Lawsuit
By Bill Flook The SEC on October 30, 2020, asked a U.S. District Court judge to toss out a lawsuit …
Group Says Accounting Standard-Setter is Ignoring Investor Views
By Soyoung Ho A group of investment analysts who are well-versed in accounting told the SEC that they are concerned …
SEC Chairman Clayton Set to Testify Before Senate Banking Panel
By Bill Flook SEC Chairman Jay Clayton is scheduled to testify remotely on November 17, 2020, before the Senate Banking …