SIFMA and the Security Traders Association raised concerns about legislative proposals on capital formation and corporate governance currently under consideration by the U.S. Senate Committee on Banking, Housing and Urban Affairs.
The SEC accepted offers of settlement in two enforcement actions involving "disclosure violations that deprived investors of material information during battles for corporate control of publicly traded companies."
SEC Investor Advocate Rick A. Fleming and Division of Economic and Risk Analysis Deputy Director Scott W. Bauguess described how the SEC can utilize data analytics to improve disclosure and the value of "big data" research.
The SEC approved amendments to NASD Rule 2711 and incorporated NYSE Rule 472 (governing research) to conform to the requirements of the JOBS Act and to make certain additional changes to quiet period restrictions. Essentially, the rule changes liberalize the rules around the production of research...
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