Sky Blog
Thank you, Jim [Febeo]. I am delighted to be part of the Summit. My views are my own as a Commissioner and not necessarily those of the Commission or my fellow Commissioners. My days of giving that disclaimer are rushing …
On May 19, 2026, the U.S. Securities and Exchange Commission (SEC) proposed significant changes to the way public companies are categorized for federal securities law reporting purposes. The proposed rules and form amendments would simplify the existing filer status framework, …
In a unanimous decision issued today in Sripetch v. SEC, the Supreme Court held that the SEC need not prove that investors suffered any actual pecuniary loss in order to obtain disgorgement for securities-law violations. The decision resolves …
Good afternoon. Patrick [Moley], thank you for that kind introduction. It is a pleasure and a privilege to address this group of exchange and fintech leaders, along with the expert buy-side community that keeps you honest. These are exciting times …
On May 19, 2026, the SEC proposed amendments in a “Registered Offering Reform” package that would make it significantly easier for public companies to raise capital through registered offerings of securities. The proposed rules would broaden Form S‑3 shelf eligibility …
On May 19, 2026, the SEC proposed amendments that would collapse the current five overlapping filer categories into just two (large accelerated filer and non-accelerated filer) and raise the large accelerated filer public float threshold from $700 million to $2 …
In a statement published last September, here, we argued that the SEC should maintain its current system of mandatory quarterly reporting and not adopt President Trump’s recommendation that the United States shift to a system based on six-month filings. …
Good morning, ladies and gentlemen. And thank you, Fred [Ryan], for your generous introduction. Before I begin, I should like to take a moment to recognize what a profound privilege it is for me to address the Reagan National Economic …
Over the past year, we have moved decisively on our agenda to return to first principles across every dimension of the SEC’s mandate—namely, to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Fundamental to fulfilling this …
The Trump Administration’s May 19 executive order[1] on fintech innovation (the “Order”) seeks to force a sharp shift in the regulatory relationship between banks and other federally regulated financial services providers and what it calls “fintech”—any financial service offered …
“Registered Offering Reform,” released by the Securities and Exchange Commission (the SEC) on May 19, 2026, represents one of the most consequential SEC rulemaking initiatives in decades. The proposed rule and form amendments aim to further the SEC’s …
When the Securities and Exchange Commission proposes a new rule, it follows a “notice-and-comment” process. It first discloses the proposed changes, then it invites constituents to write comment letters addressing those changes, and finally it settles on what to adopt. …
Today [May 19], the Commission proposed two rulemakings that serve as the foundation for my agenda to Make IPOs Great Again. These proposals build upon the legislative and regulatory concepts that have proven successful in the past and aim to …
On April 28, 2026, the SEC adjusted for inflation the dollar amount thresholds for both the assets under management and net worth tests for “qualified clients” under Rule 205-3 of the Investment Advisers Act of 1940, as amended.1 Rule …
I have now been in this role for about a week, and it feels very much like returning home. I previously served nearly five years as Director of the SEC’s Fort Worth Regional Office, and I have practiced in this …
Good afternoon, ladies and gentlemen. And thank you, Josh [White], for your generous introduction. Before sharing a few reflections, I must note that the views I express here are my own as Chairman and do not necessarily reflect those of …
On April 8, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and the Office of Foreign Assets Control (“OFAC”) jointly issued a notice of proposed rulemaking (“NPR”) to address anti-money laundering (“AML”) and countering the financing …
Today [May 5], the Commission proposed amendments to provide public companies with the option of filing one semiannual report, on a new Form 10-S, in lieu of three quarterly reports on Form 10-Q.[1] This proposal is part of my …
On April 16, 2026, the Staff of the Securities and Exchange Commission (the SEC)’s Division of Corporation Finance (the Division) issued an exemptive order granting relief that will permit certain equity tender offers to remain open for 10 business days …
For more than eight decades, Rule 14a-8 (the SEC’s shareholder proposal rule) has been both a solvent and an irritant in U.S. corporate governance. The rule sought to ease management’s hold on the agenda of the company-funded proxy process by …