A footwear company settled with the SEC for failing to make required disclosures of related person transactions in its annual reports and proxy statements.
News & Insights
SEC Director of Enforcement, Gurbir S. Grewal highlighted the challenge of ensuring that companies and investment firms make truthful ESG disclosures, and the tendency of some entities to exaggerate positive ESG activities or downplay negative ESG-related information.
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.
Director of the SEC Division of Corporation Finance Erik Gerding highlighted the rationale and mechanics behind the SEC's new rules on disclosure of cybersecurity policies and related incidents.