SEC Acting Chief Accountant Paul Munter reviewed the concepts of materiality in reporting and disclosure, emphasizing the importance of using an objective assessment when identifying material errors in financial statements.
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President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.
The SEC proposed new disclosure requirements regarding cybersecurity risk management, governance, strategy, and incident reporting by public companies.
The SEC set a comment deadline of March 30, 2022, regarding its approval of a FINRA request to delay implementation of amendments to Rule 4210 for Covered Agency Transactions.
The DOJ charged a dual U.S. and Russian national for evading requirements under the Foreign Agents Registration Act, and for other illegal conduct while serving as an agent for the Russian government.