A company that borrowed crypto securities and promised to return them with interest settled SEC charges for failing to file a registration statement or qualify for an exemption under the Securities Act.
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The U.S. District Court for the Southern District of New York granted the SEC summary judgment against the CFO and Controller of a software company on fraud charges related to the recognition of revenue under GAAP standards.
A special purpose acquisition company settled SEC charges for failing to disclose discussions with a target company and its controlling shareholder about a potential business combination prior to and during the IPO process.
The SEC adopted rules to impose a comprehensive regulatory scheme on special purpose acquisition companies ("SPACs") and their subsequent de-SPAC transactions with the stated purpose of aligning the regulation of SPACs more closely with more traditional initial public offerings.
In a letter to SEC Chair Gary Gensler, U.S. Senators Kevin Cramer (R-ND) and Shelley Moore Capito (R-WV) asserted that the SEC lacks the authority to finalize a rule requiring companies to disclose their greenhouse gas emissions and other disclosures to the public.