Columbia Law School
Sky Blog
Good morning. This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act.
Today, we have six items on the agenda. As I’ve remarked in the past, we must efficiently allocate the
U.S. Securities and Exchange Commission
Morgan Lewis explains CFTC/SEC Jurisdictional Battle Heats Up Over Dividend Indices
The CFTC recently approved a futures contract on a dividend index as a non-security based index futures contract over the SEC’s objection that the dividend index contract could be a security future; the CFTC’s actions may have implications for market …
Proskauer discusses how Third Circuit Opinion Raises Uncertainty for the Ordinary Business Exclusion in Shareholder Proposals
A Reputational Theory of Corporate Law
How does corporate law matter? My recent paper suggests that the main impact of corporate law is not in imposing sanctions, but rather in producing information. The process of litigation or regulatory investigations produces information on the behavior of defendant …
Application of the Federal Mail and Wire Fraud Statutes to Criminal Liability for Stock Market Insider Trading and Tipping
After the Supreme Court’s unanimous decision in Carpenter v. United States,[1] the federal mail and wire fraud statutes became potent prosecutorial weapons against insider trading when the information-owner is the victim. This post examines how criminal liability under the …
Davis Polk discusses SEC Issuance of Reporting Rules for Security-Based Swaps
On February 11, 2015, the Securities and Exchange Commission issued a final rule (the “Final Rule”) and proposed amendments (the “Proposed Rule”) on the reporting and public dissemination of security-based swap (“SBS”) information, as mandated by the Dodd-Frank Wall Street …
Chair White explains Disqualifications, Exemptions and Waivers Under the Federal Securities Laws
Thank you, Bill, for that very kind introduction. I am honored to be here.I see that you have an ambitious agenda over the next two days discussing some of the hardest legal challenges companies are facing today. We at the
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Mary Jo White Throws Down the Gauntlet: Vows to Wield the SEC’s Full Enforcement Arsenal Against Corporate and Individual Wrongdoers
The following comes to us from Michael Rivera, a partner at Venable LLP in Washington, D.C.
Securities and Exchange Commission Chair Mary Jo White warned that the SEC will pull no punches under the leadership of the former federal prosecutor. …
Gallagher on the Roles of State and Federal Law in Corporate Governance
The following post comes from remarks delivered by SEC Commissioner Daniel M. Gallagher at the European Corporate Governance & Company Law Conference in Dublin, Ireland on May 17, 2013.
Thank you Danny [McCoy] for your very kind introduction. I am …