A global mining and metals company settled SEC charges over an alleged bribery scheme in Guinea in violation of the Foreign Corrupt Practices Act.
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In his remarks before the Institute of International Bankers, SEC Commissioner Mark T. Uyeda offered perspective on a regulatory framework necessary to achieve a healthy capital market and considered the "symbiotic" relationship between investor protection and capital formation.
A global gaming and sports betting company settled SEC charges that it violated the Foreign Corrupt Practices Act by failing to (i) establish and maintain a reasonable system of internal accounting controls and (ii) record and monitor payments to Russian third-party consultants.
In a joint comment letter responding to four SEC rule proposals aimed at reforming the structure of U.S. capital markets, the NYSE Group, Inc., Charles Schwab and Citadel Securities expressed "deep concern" and urged extensive revisions.
In remarks at the "Going Public in the 2020s" Conference, SEC Commissioner Mark T. Uyeda decried the decline in the number of companies going public and made several recommendations for reversing the trend, particularly for smaller companies, which he said would benefit Main Street investors.