Boards can no longer afford to pass the buck when it comes to cyber-security and would do well to adhere to voluntary government guidelines that could be a portent of eventual mandatory requirements. That was the warning from Luis Aguilar, a member of the Securities and Exchange Commission, during a speech at this week at […]
Joe Mont
Posted inAccounting & Auditing
House Committee Debates WKSI Changes to Benefit Small-Cap Companies
The legislative package known as JOBS Act 2.0 inched forward this week when the House Committee on Financial Services began a series of markup hearings, an initial step for settling on which bills and amendments will advance to a vote by the full House of Representatives. Among the bills discussed on Tuesday was the Small-Cap […]
Posted inUncategorized
Study: Foreign Company Disclosure Clearer, More Transparent
As the Securities and Exchange Commission commences a sweeping review of its disclosure regime, its staff may want to cast their eyes overseas: A new study finds that foreign companies listed on U.S. exchanges make disclosures that are clearer and less repetitive. In fact, the further away a company’s headquarters is, the clearer the company’s […]
Posted inRegulatory Enforcement
First Conflict Minerals Reports Lack Substance, if Filed at All
Grades are in on the first round of conflict minerals reports, and many companies are getting an incomplete. After months of controversy and legal challenges, the June 2 deadline for public companies to file conflict minerals reports with the Securities and Exchange Commission has come and gone, and the early word is that many companies […]
Posted inUncategorized
First Conflict Minerals Reports Lack Substance, if Filed at All
Grades are in on the first round of conflict minerals reports, and many companies are getting an incomplete. After months of controversy and legal challenges, the June 2 deadline for public companies to file conflict minerals reports with the Securities and Exchange Commission has come and gone, and the early word is that many companies […]
Posted inFrom the Archive
Study: Foreign Company Disclosure Clearer, More Transparent
As the Securities and Exchange Commission commences a sweeping review of its disclosure regime, its staff may want to cast their eyes overseas: A new study finds that foreign companies listed on U.S. exchanges make disclosures that are clearer and less repetitive. In fact, the further away a company’s headquarters is, the clearer the company’s […]
Posted inAnti-Bribery
Supply Chain Risk Assessments Require Digging Through the Data
Think you’ve got supply chain headaches? Consider the challenges facing George Henein, compliance officer for the United Nations’ procurement division. The UN deals with more than 60,000 vendors across the world and strives to give them all some level of scrutiny. The UN’s mission of fostering economic development among member states also often leads to […]
Posted inUncategorized
White Wants Increased SEC Oversight of High-Speed Trading, Dark Pools
Technology has revolutionized equity markets and regulators are struggling to keep pace. That may soon change, due to a series of pending reforms announced by Securities and Exchange Commission Chairman Mary Jo White during a speech before financial industry professionals in New York City on Tuesday. She provided the most comprehensive overview to date on […]
Posted inRegulatory Enforcement
Appeals Court Overturns Judicial Block on SEC’s Citi Settlement
In 2011, Judge Jed Rakoff, presiding over the U.S. District Court for the Southern District of New York, rejected a $285 million settlement between the Securities and Exchange Commission and Citigroup over the allegedly fraudulent sale of mortgage bonds. On Wednesday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit said […]
