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SEC Approves Interpretive Guidance on Climate Change Disclosures
The SEC today voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change. The interpretive release approved today provides guidance on certain...
Wed, Jan 27 | from Media Law Prof Blog
SEC Settles Two Cases Alleging Illegal Short Selling in Advance of Secondary Offerings
The SEC separately charged two California investment advisory firms for engaging in improper short selling of securities in advance of their participation in a company's secondary offering. These mark the first cases filed under the SEC's amended Rule 105 of...
Tue, Jan 26 | from Media Law Prof Blog
SEC Charges Two California Firms For Unlawful Short Selling Practices
The Securities and Exchange Commission today separately charged two California investment advisory firms for engaging in improper short selling of securities in advance of their participation in a company's secondary offering. These mark the first cases filed under the SEC's amend...
Tue, Jan 26 | from SEC.gov Updates
Wall Street Breakfast: Must-Know News
More on the NY Fed's AIG bailout. According to documents provided to Congress, the New York Federal Reserve received a report in November 2008 indicating that various banks had significant bargaining power with AIG (AIG) over insurance contracts, and would have little incentive to can...
Mon, Jan 25 | from seekingalpha.com
SEC Issues Concept Release on Structure of Equity Markets
The SEC is undertaking a review of the structure of equity markets and voted to issue a concept release seeking public comment on such issues as high frequency trading, co-locating trading terminals, and markets that do not publicly display price...
Wed, Jan 13 | from Media Law Prof Blog
SEC Approves Amendments to FINRA Arbitration Rules
On December 18, the SEC approved amendments to the FINRA arbitration rules. While mostly of a housekeeping nature, the one amendment that could affect investors is a provision that states that customers may be responsible for hearing fees if they...
Mon, Dec 21 | from Media Law Prof Blog
Opinion: SEC Seeks Dismissal of Madoff Victims Negligence Suit
“The manner in which the SEC investigates suspected violations of the securities laws is grounded in policy and committed to the SEC's discretion by ... Carl Shapiro testifies in Madoff investigationBoston Herald SEC May Require Surprise Exams One Year After Madoff ArrestBloomberg
Tue, Dec 15 | from Bloomberg
P2P Lending Gets a Boost from the House
Peer-to-peer lending services like Prosper got a new lease on life from the U.S. House of Representatives today, which included an amendment to move regulation of the space from the SEC to a new banking regulatory agency in a major financial reform bill.
Fri, Dec 11 | from GigaOM
SEC's Inspector General Makes Recommendations on Inspection of Investment Advisers
The SEC's Office of Inspector General released its final report on its investigation into why the SEC did not discover Madoff's Ponzi scheme, even after his investment advisory business registered with the SEC. The Review of the Commission’s Processes for...
Mon, Nov 23 | from Media Law Prof Blog
SEC and CFTC Release Joint Report on Harmonization of Regulation
The Securities and Exchange Commission (”SEC”) and the Commodity Futures Trading Commission (”CFTC”) (collectively, the “Commissions”) released a joint report on October 16, 2009 (the “Report”) reviewing the key elements of the Commissions’ regulatory schemes and providing rec...
Thu, Oct 22 | from The Doc Searls Weblog
Opinion: SEC Rulemaking – Advancing the Law to Protect Investors
5] Securities Act Release No. 6711 (April 17, 1987), Concept Release on Management’s Discussion and Analysis of Financial Condition and Results of Operations, 52 FR 13715 quoting Securities Act Release No. 6711, Securities Act Release No. 6711 (April 24, 1987) [ 52 FR 13715]., at 13717.
Sat, Oct 10 | from The Doc Searls Weblog
Opinion: NYSE and NASDAQ Propose Rule Changes
In addition, in August 2009, the NASDAQ Listing and Hearing Review Council sent a paper to companies listed on The NASDAQ Stock Market LLC (”NASDAQ”) seeking comment on whether NASDAQ should adopt a “comply or disclose” approach with respect to certain corporate governance practices....
Sun, Sep 20 | from The Doc Searls Weblog
Opinion: Winds of Change in the SEC’s Division of Enforcement
Congress appears poised to authorize the SEC to hire more staff and to increase its budget, and on May 7, 2009 the Obama Administration proposed a 6.8% funding increase for the agency in fiscal 2010. The key issue to watch is how the agency uses the new money, and who it hires to fill the new slot...
Thu, May 28 | from The Doc Searls Weblog
Opinion: Market Reaction Surrounding SEC Filings
By arguing that the SEC’s EDGAR system provides instantaneous access to information in periodic SEC filings, recent studies document significant stock price reactions surrounding both 10-K and 10-Q filings. In our forthcoming The Accounting Review paper Market Reaction Surroundi...
Tue, Apr 14 | from The Doc Searls Weblog
Opinion: Efficient and Effective Enforcement by the SEC
It is an honor to be speaking here today at the 2009 Southeastern Securities Conference. Before I begin, I must say the standard disclaimer: The views that I express here today are my own and do not necessarily reflect those of the U.S. Securities and Exchange Commission or of my fellow Commis...
Thu, Mar 26 | from The Doc Searls Weblog
Podcast: Beazer Homes says SEC probe now formal
Beazer Homes USA Inc. said Monday that an informal Securities and Exchange Commission inquiry to determine if any person or entity related to the company violated securities laws has become formal.
Mon, Jul 23 | from AZ Central.com
