Columbia Law School
Sky Blog
Thank you for the kind introduction, Ty [Gellasch]. It’s great to be with the Healthy Markets Association.
As is customary, I’d like to note that my views are my own, and I am not speaking on behalf of my fellow
SEC
SEC Staff Discusses Key Considerations on LIBOR Transition
SEC’s Accounting Chief on Financial Reporting and the Priorities of His Office
The events of the past year bring to mind the old saying that “change is the only constant in life.”[1] Our capital markets continue to evolve and adapt in response to changes in the economic environment, investors’ needs for
SEC Chair Gensler Speaks Before Investor Advisory Committee
Thank you. It’s good to be back with the Investor Advisory Committee again. As is customary, I will note that my views are my own, and I’m not speaking on behalf of my fellow Commissioners or the staff.
I’d like
Milbank Discusses SEC Guidance on Shareholder Proposals and the Way to Regulate Climate Change
As a result of the SEC’s most recent Staff Legal Bulletin[1] (“SLB”), shareholder proposals that focus on a “significant social policy” will not be excludable simply because the policy issue is not, in fact, “significant” to the company receiving …
Paul Weiss Discusses Federal Jury Verdict Finding Cryptocurrency Products Not Securities
On November 2, 2021, a federal jury in Audet v. Fraser found that four cryptocurrency-related products were not securities under the Securities Exchange Act of 1934 and the Connecticut Uniform Securities Act. This case is significant because it appears to …
Gibson Dunn Discusses SEC Rules Mandating Use of Universal Proxy Card
On November 17, 2021, the Securities and Exchange Commission (SEC) approved amendments to the federal proxy rules to mandate the use of a universal proxy card in public solicitations involving director election contests. After the rules become effective on August …
SEC Announces Enforcement Results for FY 2021
The Securities and Exchange Commission today [November 18] announced that it filed 434 new enforcement actions in fiscal year 2021, representing a 7 percent increase over the prior year. Seventy percent of these new or “stand-alone” actions involved at least
SEC Commissioner Crenshaw on Universal Proxy Rules
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 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