States, Investment Adviser Network Attacks SEC’s Interpretation of Dodd-Frank in Reg BI Rules
By Bill Flook The SEC exceeded its authority under the Dodd-Frank Act in issuing its “Best Interest” standard for broker-dealers, …
Investor Groups: SEC Should Write Prescriptive ‘Human Capital’ Disclosure Rule
By Soyoung Ho Investor groups, in comment letters, are continuing to ask the SEC to establish a rule that uses …
SEC Proposes to Expand Pool of ‘Accredited Investors’
By Soyoung Ho The SEC issued a proposal that would revise the definition of an “accredited investor” by adding new …
SEC Official Signals No Rulemaking on Non-GAAP Measures for CEO Pay
By Soyoung Ho A senior official signaled last week that the SEC will not write a rule requiring public companies …
SEC Plans to Propose Simplifying Auditor Independence Rule in Coming Months
By Soyoung Ho The staff in the SEC’s Office of the Chief Accountant (OCA) is working on a proposal that …
SEC Fires Back in Sierra Club Lawsuit over Information Request
By Bill Flook The SEC on November 27, 2019, asked a federal judge to dismiss a lawsuit by the Sierra …
SEC Chairman Clayton to Testify Before Banking Panel
By Bill Flook SEC Chairman Jay Clayton is slated to testify on December 10, 2019, before the Senate Banking Committee, …
SEC Plans to Finalize by April 2020 rule that Would Exempt more Companies from Auditor Attestation of Financial Controls
By Soyoung Ho The SEC is full steam ahead on its controversial plans to exempt more categories of companies from …
Supreme Court Disgorgement Case Looms Over SEC Enforcement
By Bill Flook Two years ago, the Supreme Court told the SEC that its practice of recouping ill-gotten gains on …
Divided SEC Proposes to make it more Difficult for Shareholders to Bring Proposals for Vote at Company Annual Meetings
By Soyoung Ho Despite strong opposition from investor groups, a divided SEC on November 5, 2019, decided to propose a …