SEC Chair Jay Clayton, Division of Corporation Finance Director William Hinman, Division of Investment Management Director Dalia Blass and Division of Trading and Markets Director Brett Redfearn provided updates on the SEC's various pandemic relief measures.
SEC Chair Jay Clayton, Commissioners Hester Peirce and Elad Roisman and Office of Municipal Securities Director Rebecca Olsen solicited feedback on ways to improve municipal securities disclosure practices.
The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.
IOSCO urged issuers of securities to make "timely and high quality" disclosures, that are entity-specific, about the impact of COVID-19 on an issuer's operating performance, financial position, liquidity, and future prospects.
At an Investor Advisory Committee meeting, SEC Chair Jay Clayton and Commissioner Hester M. Peirce raised issues concerning (i) emerging market investment risk and (ii) environmental, social and governance disclosures.
The SEC temporary final rule providing smaller companies conditional relief from certain requirements under Regulation Crowdfunding was published in the Federal Register. The rule will be in effect from May 4, 2020 through March 1, 2021.
At a special meeting of the SEC Investment Advisory Committee, SEC Chair Jay Clayton and Commissioner Hester M. Peirce emphasized the importance of public company disclosures during the COVID-19 pandemic.