At a meeting of the SEC Small Business Capital Formation Advisory Committee, SEC Commissioners considered the implications for retail investors of shifting trends in companies' pathways to going public.
Two entities and their principals settled SEC charges for the sales of unregistered oil and gas securities and material misstatements in connection with those offerings.
In a report submitted to Congress, the SEC Office of the Advocate for Small Business Capital Formation summarized policy recommendations made by participants at the SEC's 40th Annual Small Business Forum.
In letters to six special purpose acquisition companies, Senators Elizabeth Warren (D-MA), Sherrod Brown (D-OH), Tina Smith (D-MN) and Chris Van Hollen (D-MD) expressed concerns over "misaligned" investor and sponsor interests under the SPAC structure.
The SEC issued a no-action letter to FINRA stating that it will not take enforcement action against member firms that do not comply with quotation rules on fixed income securities until January 3, 2022.
ISDA will review and amend its fallback language following receipt of letters from the Financial Conduct Authority and the Federal Reserve Board expressing concern regarding ISDA's fallback language for credit-sensitive rates.
In a Washington Post Live interview, SEC Chair Gary Gensler asserted that should China not comply with the auditing processes of the Public Company Accounting Oversight Board in the next three years, the SEC will suspend from trading the approximately 270 China-related companies raising money.
