SEC Commissioner Elad L. Roisman expressed "serious reservations" about mandating environmental, social and governance disclosures by public companies.
SEC Chair Jay Clayton, Division of Corporation Finance Director William Hinman, Division of Investment Management Director Dalia Blass and Division of Trading and Markets Director Brett Redfearn provided updates on the SEC's various pandemic relief measures.
An insurance company and its former CFO settled SEC charges for failing to disclose material information regarding the company's estimations of insurance losses and reserves.
SEC Chair Jay Clayton, Commissioners Hester Peirce and Elad Roisman and Office of Municipal Securities Director Rebecca Olsen solicited feedback on ways to improve municipal securities disclosure practices.
President Donald J. Trump directed the President's Working Group on Financial Markets to provide recommendations that address Chinese companies' audit failures.
An international insurance underwriter settled SEC charges for understating in its proxy statements the perquisites and personal benefits paid to its CEO.
IOSCO urged issuers of securities to make "timely and high quality" disclosures, that are entity-specific, about the impact of COVID-19 on an issuer's operating performance, financial position, liquidity, and future prospects.
At an Investor Advisory Committee meeting, SEC Chair Jay Clayton and Commissioner Hester M. Peirce raised issues concerning (i) emerging market investment risk and (ii) environmental, social and governance disclosures.
SEC Commissioner Hester M. Peirce encouraged regulators to take "bold action" to facilitate capital formation and help small businesses cope with the economic impacts of the COVID-19 pandemic.
The SEC temporary final rule providing smaller companies conditional relief from certain requirements under Regulation Crowdfunding was published in the Federal Register. The rule will be in effect from May 4, 2020 through March 1, 2021.
The Federal Reserve Bank of New York issued an additional series of FAQs concerning the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility.
At a special meeting of the SEC Investment Advisory Committee, SEC Chair Jay Clayton and Commissioner Hester M. Peirce emphasized the importance of public company disclosures during the COVID-19 pandemic.
The SEC charged a microcap issuer and its CEO for making false claims that it had acquired for sale a large number of N95 masks through a "direct pipeline from manufacturers and suppliers to buyers."
