SPACs are Hot but SEC is Watching
By Soyoung Ho In the past couple of years, the number of special purpose acquisition companies (SPACs) has increased significantly, …
SEC Relaxes Auditor Independence Rules
By Soyoung Ho SEC Commissioners Allison Herren Lee and Caroline Crenshaw said in a joint statement that they voted against …
Chamber, Others Say SEC ‘Seeking to Barricade the Courthouse Doors’ in Supreme Court Filing
By Bill Flook The U.S. Chamber of Commerce, Cato Institute, and Competitive Enterprise Institute together asked the Supreme Court to …
House Passes Forced Labor Disclosure Bill
By Bill Flook The House on September 30, 2020, passed a bill that would require public companies to disclose supply …
Should SEC Point to Sustainability Accounting Standards Board for ESG Reporting?
By Soyoung Ho Investor demand for sustainability information from companies has been exponentially increasing recently, but the SEC has left …
House Passes to Set up Joint SEC-CFPB Fraud Group
By Bill Flook The House on September 21, 2020, passed legislation that would set up a joint working group between …
Divided SEC Makes it More Difficult for Shareholders to Bring Proposals for Vote at Annual Meetings
By Soyoung Ho Despite strong opposition from investor groups, a divided SEC on September 23, 2020, decided to finalize a …
Institutional Shareholder Services Asks Judge to Toss Out Proxy Advice Rules, Guidance
By Bill Flook Institutional Shareholder Services (ISS) on September 18, 2020, asked a U.S. District Court to invalidate the SEC’s …
SEC Overhauls Bank Disclosure Requirements
By Soyoung Ho The SEC on September 11, 2020, issued a final rule overhauling the types of figures and statistics …
Sen. Schatz Calls on SEC, Other Regulators to Implement Climate Risk Reforms
By Bill Flook Sen. Brian Schatz, a Hawaii Democrat, called on the SEC and other financial regulators to immediately put …