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Congratulations to the rulemaking team from the Division of Corporation Finance, as well as the staff within the Division of Economic and Risk Analysis and the Office of the General Counsel. This rulemaking has been several years in the making,
SEC
SEC Commissioner Peirce Dissents on Universal Proxy Rules
I support universal proxy, but not today’s version of universal proxy.
Shareholders voting by proxy should be able to split their vote among company and dissident nominees. Allowing shareholders a straightforward way of choosing a mixed slate through a universal
SEC Commissioner Roisman on Universal Proxy Rules
Thank you to the staff who worked on this rulemaking.
I support adopting this rule. I see no compelling reason to prevent shareholders from mixing and matching their votes between a management and dissident slate, given that shareholders who attend
Regulating via Social Media: Deterrence Effects of the SEC’s Use of Twitter
SEC Commissioner Speaks on ESG Risks and Company Accounting Controls
Thank you for the kind introduction Kevin [Gould]. It’s a pleasure to be here today at the annual PepsiCo-PwC CPE conference, which I understand is a tradition going back 18 years now. I appreciate the opportunity to speak, and I
Debevoise & Plimpton Discusses Federal Regulators’ Focus on AI and Consumer Protection in Finance
As financial institutions increasingly deploy artificial intelligence (“AI”), including machine learning and automated decision-making technologies, across their business lines, U.S. federal regulators have started to scrutinize the consumer protection implications of these technologies. Most recently, the Department of Justice (“DOJ”), …
SEC Chair Talks Private Equity and Hedge Funds
Thank you. As is customary, I will note that I am not speaking on behalf of the Commission or SEC staff.
Today, I’d like to talk about private funds, and the importance of certain of these funds — in particular, …
Modernizing ESG and Climate Risk Disclosure
On November 3, timed to coincide with the United Nation’s COP26 climate summit in Glasgow, the IFRS Foundation announced prototype global reporting standards for corporate climate and sustainability disclosures, and the formation of the International Sustainability Standards Board (ISSB) to …
SEC Enforcement Chief Speaks on Regulation Outside the U.S.
Good morning, everyone and thank you for inviting me to deliver the Scott Friestad Memorial Keynote address. I didn’t have the privilege of knowing Scott, but in my few months as Director, I’ve frequently heard his name, and I’ve noticed
Wachtell Lipton Discusses SEC Staff’s Move to Limit Exclusion of “Social Policy” Shareholder Proposals
The SEC Staff has issued revised guidance rescinding prior Staff Legal Bulletins addressing the exclusion of Rule 14a-8 shareholder proposals based on the social significance to a company, “micromanagement” or “economic relevance.” The changes will likely facilitate a larger number …
The Dark Side of Information Dissemination
For decades, there has been an important debate over how much securities regulators should focus on protecting small investors. The regulators themselves have generally aimed to create a level playing field among investors, and historically, new technology has been an …
SEC Chair Gensler Speaks at Securities Enforcement Forum
Thank you for having me here today. As is customary, I’d like to note that my views are my own, and I’m not speaking on behalf of the Commission or SEC staff.
In 1934, in his first speech as the
The Supreme Court and the Fraud on the Market Class Action
The class action is indispensable to private enforcement of SEC Rule 10b-5, which prohibits fraudulent practices in the secondary securities market. Though Rule 10b-5 is a criminal provision, courts have long inferred a private civil right of action, allowing defrauded …
SEC Chair Gensler Speaks on Market Structure
Thank you. It’s good to be here at the annual meeting of the Securities Industry and Financial Markets Association — what we all know as SIFMA. John [Rogers], I look forward to your questions.
As is customary, I will note
SEC Commissioner Speaks on the Emerging Challenge of Cybersecurity
Good afternoon. Thank you for the kind introduction and the opportunity to speak to the Los Angeles County Bar Association today. Before I begin, let me issue the standard disclaimer that the views I share are my own and do
ISS Discusses Why the Enron Scandal Still Matters to Investors After 20 Years
In what is still regarded as the largest U.S. corporate fraud in history, the Enron scandal “celebrates” its 20th anniversary this month.
It was October 16, 2001 when Enron announced a $638 million third quarter loss, confirming a handful of …
SPACs: The Roles of Reputation and Disclosure When Information Is Limited
Special purposes acquisition corporations (also known as SPACs or blank check companies) have received a lot of attention recently – and for good reason. SPACs accounted for more than half of U.S. IPOs in 2020, raising over $70 billion in …
Sullivan & Cromwell Discusses White House Roadmap to Address Climate-Related Financial Risk
SEC Chair Gensler Speaks on Fintech
Good morning. It’s good to be here at DC Fintech Week. Thank you, Chris [Brummer], and all the organizers for inviting me here today. As is customary, I’d like to note that my remarks are my own, and I’m not
SEC Commissioners Discuss Report on “Meme Stock” Episode
Today [October18], the staff issued a report on the so called “meme stock” episode that occurred this past January. We would like to thank the staff not only for their hard work on this report, but also for keeping the …