At an Investor Advisory Committee meeting, SEC Chair Jay Clayton highlighted issues concerning (i) environmental, social and governance data, (ii) harmonizing securities offering exemptions and (iii) protections for retail investors.
SEC Investor Advocate Rick Fleming urged regulators and stock exchanges to increase the oversight of dual-class share structures, warning that these structures risk harm to investors and the public markets.
The SEC charged the former CEO and president of a Nasdaq-traded security technology company and three other individuals in a fraudulent broker bribery scheme. The DOJ filed charges against one of the individuals in a parallel action.
The SEC final rule extending "test-the-waters" accommodations that allow certain communications in a contemplated initial public offering to all issuers, rather than solely to emerging growth companies, was published in the Federal Register.