News & Insights

33 Results
August 18, 2022

A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.

April 27, 2022

SEC Investor Advocate Rick A. Fleming urged NASDAQ and the NYSE to revise their listing standards so that business combinations could only be consummated for SPACs when 50 percent or more of public shares are invested in the SPAC post-combination.