September might be near, but the sun is still out! Enjoy the rest of the summer with some easy-breezy tunes.
News & Insights
In a speech on governance, SEC Commissioner Hester M. Peirce highlighted the need to refocus corporate priorities on shareholders rather than stakeholders, and the danger that the continuing shift in such focus reduces management accountability.
A Michigan-based manufacturer settled SEC charges for material misstatements in financial reports caused by a failure to estimate "incurred but not reported" liability for future asbestos claims.
The SEC provided certain limited exemptive relief from the “locate” and "close-out" requirements under its short sale regulations. The relief was provided because of COVID-19 related intermittent suspension of physical securities processing by the Depository Trust Company.
The SEC adopted amendments to revise the description of business, legal proceedings and risk factor disclosures that registrants are required to make under the Securities Act.