An information technology company settled charges with the SEC for making material misstatements in investor disclosures regarding its non-GAAP earnings.
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In a letter to SEC Chair Gary Gensler, 51 Democratic lawmakers urged the SEC to finalize its proposed climate-risk disclosure rule and cautioned against "softening" and "scaling back" the proposed disclosure requirements.
The SEC charged a media and entertainment company and several of its principals with fraud in a scheme to solicit investments using "vastly inflated" historical annual revenues.
In a letter to SEC Chair Gary Gensler, Republican leaders from the House Financial Services Committee and Senate Banking Committee criticized the SEC for pursuing a climate agenda "outside the scope of its mission" and requested information on the proposed climate disclosure rule.
In a position paper, SIFMA and the accounting firm Ernst and Young assessed the current state of corporate action announcement and dissemination policies in the United States and called for more industry standardization.