The U.S. Court of Appeals for the Second Circuit ("Second Circuit") issued a decision that rejected a petition for the review of the SEC's denial of a claim for a whistleblower award. The petitioner, Larry Stryker, sought a whistleblower award after the period between 2004 and 2009 when he supplied the SEC with information that led to a successful enforcement action. In January 2011, Mr. Stryker submitted an application to the SEC for a whistleblower award under Dodd-Frank Section 21F. The SEC held that because the information provided by Mr. Stryker was submitted before the enactment of Dodd
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The House Committee on Financial Services announced that it will hold a hearing titled "Examining the SEC's Agenda, Operations, and FY 2016 Budget Request." The hearing is scheduled to take place on March 24, 2015. See: House Financial Services Committee Press Release.
The House Committee on Financial Services announced that the Subcommittee on Capital Markets and Government-Sponsored Enterprises will hold a hearing titled "The Federal Deposit Insurance Corporation's Role in Operation Choke Point." The hearing is scheduled for March 24, 2015. See: Announcement. See also: Wikipedia article on " Operation Choke Point."
Oxfam America Inc. ("Oxfam"), an anti-poverty group, submitted a memorandum in reply to the SEC's summary judgment opposition. In the memorandum, Oxfam asks the U.S. District Court for the District of Massachusetts to reject the SEC's contention that a Dodd-Frank rule requiring oil, gas and mineral companies to report payments to foreign governments would be too complex to finish this year. The Oxfam suit, filed in September 2014, seeks to compel the agency to implement Section 1504 of Dodd-Frank. According to the memorandum, the SEC's argument against the enforcement of the mandate takes two
Fifty-eight members of Congress ("Members") signed a letter to SEC Chair Mary Jo White urging the SEC to finalize its proposal regarding executive compensation disclosure. According to the Members, the SEC's proposal, which implements Dodd-Frank Section 953(b), "reflects the legislative intent of Dodd-Frank" and "effectively addresses any concerns regarding compliance costs." The Members argued that disclosure will provide information that can help investors to (i) cast informed "say-on-pay" advisory votes by allowing them to evaluate the "reasonableness" of CEO pay levels relative to those of