In remarks before the SEC Investor Advisory Committee, SEC Chair Gary Gensler and SEC Commissioner Hester M. Peirce squared off on climate-related risk disclosure policy, accounting for non-traditional financial information and investor protections.
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In a public statement responding to recent remarks by SEC Chair Gary Gensler on equity market structure reform, SIFMA said that "any changes to the rules. . . should be considered holistically with a view to ensuring there are no negative, unintended consequences for investors."
OFAC issued new guidance clarifying certain aspects of Russian sanctions related to OFAC's May 8, 2022 determination on accounting, trust and corporate formation, and management consulting services.
SEC Acting Chief Accountant Paul Munter highlighted the importance of the auditor independence framework and of fostering an ethical culture to ensure investor protection and confidence.
The SEC reopened the comment period for a proposal that would require listed companies "to adopt and comply with a compensation recovery policy, often known as a clawback policy." Comments must be submitted 30 days after publication in the Federal Register.