The folks over at the Securities and Exchange Commission have been pretty busy this year. So far in 2006, they’ve already proposed rules on executive compensation disclosure, mutual fund fees, commodity trading, short selling and more—including the Section 404 extension for non-accelerated filers. And just last month the SEC announced it would propose an amendment on director nomination rules.
And that regulatory agenda wasn’t even the half of it. This year, the Commission released its critical policy statement concerning financial penalties, advanced its XBRL initiative, increased regulatory collaboration abroad, held roundtables on Section 404 and other issues, issued a final report on smaller public companies’ compliance with Sarbanes-Oxley and approved landmark proposals from NASDAQ and the NYSE.
