Having finalized a settlement with the SEC, Tesla now faces new controversies as the Justice Department and disgruntled investors take aim at the company and its mercurial founder.
Joe Mont
Posted inUncategorized
SEC wants updated reporting for life insurance contracts
Firms offering variable annuities and variable life insurance contracts could soon face new disclosure requirements. Changes proposed by the SEC would permit the use of a summary prospectus to provide disclosures to investors.
Posted inUncategorized
New SEC rules demand improved mining company disclosures
The SEC has adopted amendments to improve and modernize disclosures by mining companies. The changes are intended to provide investors with “a more comprehensive understanding of a registrant’s mining properties.”
Posted inUncategorized
SEC rule adds new customer disclosures for brokers
The SEC has advanced new rules and amendments that that will require broker-dealers to disclose to investors “new and enhanced information about the way they handle investors’ orders.”
Posted inUncategorized
Data privacy bill threatens corporate fines, jail for executives
Sen. Ron Wyden (D-Ore.) has announced proposed legislation that would “impose harsh fines and prison terms for executives at corporations that misuse Americans’ data.”
Posted inUncategorized
FDA, DHS partner on medical device cyber-security
The Food and Drug Administration and Department of Homeland Security have announced a new framework for greater coordination and cooperation when addressing cyber-security in medical devices.
Posted inBoards & Shareholders
CEOs pledge ‘commonsense corporate governance principles’
CEOs of 20 leading public companies, pension funds, and investment firms have signed onto a continuing effort intended to “jumpstart a national conversation on corporate governance.”
Posted inUncategorized
State bank regulators sue OCC over FinTech charters
The Conference of State Bank Supervisors is suing to prevent the OCC from granting special national bank charters to non-banks, specifically FinTech firms.
Posted inUncategorized
Prudential escapes SIFI tag, enhanced regulatory oversight
The FSOC has reversed a previous determination that material financial distress at Prudential Financial could pose a threat to U.S. financial stability.
Posted inRegulatory Enforcement
FinCEN advisor charged with leaking SARs to media
A senior advisor at the Financial Crimes Enforcement Network has been arrested and charged with leaking agency data to a reporter.
