The Securities and Exchange Commission (SEC) frequently chooses its top cop from among Wall Street’s best defense lawyers. Its newest had not worked on a securities case in nearly six years before taking the job in July. Gurbir Grewal became the SEC’s enforcement program director after serving as New Jersey’s attorney general for more than… Continue reading New SEC Head Says Tougher Punishment Is Coming
Tag: SEC
SEC’s Actions Against Public Companies, Subsidiaries Lowest in Seven Years
In fiscal year 2021, the Securities and Exchange Commission (SEC) filed fewer enforcement actions against public companies and subsidiaries, the lowest total in seven years. According to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research, enforcement actions slowed in FY 2021 due to the ongoing COVID-19 pandemic… Continue reading SEC’s Actions Against Public Companies, Subsidiaries Lowest in Seven Years
SEC Takes Aim at Executive Pay in Corporate Crackdown
The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of the U.S. Securities and Exchange Commission’s (SEC) agenda as it cracks down on corporate misconduct,… Continue reading SEC Takes Aim at Executive Pay in Corporate Crackdown
SEC to Scrutinize Firms’ Digital-Engagement Practices as Investor Worries Grow
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new ones, commission chair Gary Gensler told Reuters. While the SEC’s thinking on the subject is at an “early stage,” its rules may need updating to… Continue reading SEC to Scrutinize Firms’ Digital-Engagement Practices as Investor Worries Grow
U.S. SEC Prepares to Take On Corporate America Over Workforce Disclosures
The U.S. Securities and Exchange Commission (SEC) is headed for a scuffle with corporate America over how much information public companies must disclose about their most important asset: employees. Urged on by progressive Democrats, unions and investors, the regulator is working on a rule that will require public companies to disclose more information on their… Continue reading U.S. SEC Prepares to Take On Corporate America Over Workforce Disclosures
Ryan Specialty Announces Launch of Initial Public Offering
Ryan Specialty Group Holdings, Inc. announced the launch of its initial public offering of its Class A common stock. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”). The initial public offering price is expected to… Continue reading Ryan Specialty Announces Launch of Initial Public Offering
Ryan Specialty Group Files for a $100 Million IPO
Ryan Specialty Group (RSG), a wholesale specialty insurance brokerage providing MGU and other services, filed on Monday with the SEC to raise up to $100 million in an initial public offering. Ryan Specialty Group provides specialty insurance solutions for brokers, agents, and carriers. For retail insurance brokers, it assists in the placement of complex or… Continue reading Ryan Specialty Group Files for a $100 Million IPO
Investors Ask U.S. SEC for More ESG Disclosures as Companies Resist: Reuters Analysis
Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator shows. The deadline for the public to submit comments to the SEC on the topic… Continue reading Investors Ask U.S. SEC for More ESG Disclosures as Companies Resist: Reuters Analysis
Under Armour Paying $9 Million to Resolve SEC Accounting Probe
Under Armour Inc. agreed to pay $9 million to settle regulatory claims that it failed to disclose that it was pulling forward orders from future quarters, a practice that allowed it to meet Wall Street’s revenue estimates. The Baltimore-based apparel company resolved the Securities and Exchange Commission investigation without admitting or denying wrongdoing, the SEC… Continue reading Under Armour Paying $9 Million to Resolve SEC Accounting Probe
SPACs Aren’t A Way Around Securities Laws, Says the SEC
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despite their unique structure, special purpose acquisition companies are covered by federal securities rules. Claims that promoters… Continue reading SPACs Aren’t A Way Around Securities Laws, Says the SEC