The Securities and Exchange Commission is suing Tesla for online comments made last month by founder Elon Musk about possibly taking the publicly traded company private, and is seeking to oust Musk as CEO.
Joe Mont
Posted inData Privacy
While supportive, tech companies haggle over federal privacy law
Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.
Posted inBoards & Shareholders
Withdrawal of past guidance signals a contentious start to SEC’s proxy process review
Critics of proxy advisory firms are cheering the withdrawal of 2004 no-action letters that they say empowered and entrenched the firms.
Posted inTechnology
As FinTech support grows, can Congress keep from hitting the brakes?
As it so often is in the world of financial services, FinTech evangelists want rule streamlining and deregulation. Is that the right approach?
Posted inUncategorized
SEC’s Jackson criticizes stock exchanges, promises reforms
The time has come to reform America’s stock markets. That was the message from SEC Commissioner Robert Jackson during a speech this week at George Mason University, where he laid out potential changes.
Posted inBoards & Shareholders
Podcast: California considers board diversity rules
In this edition of the Compliance Week podcast, we discuss California’s SB-826, a bill mandating that major companies in the state put female directors on their boards. We spoke to Lillian Tsu, a partner at Hogan Lovells and member of the firms Public Company Advisory Practice for her views on the state legislation.
Posted inRegulatory Enforcement
Public sounds off to SEC on proposed whistleblower changes
As part of a public comment process that reached its deadline on Sept. 15, the SEC has collected ideas and opinions on proposed changes to its whistleblower program. We took a look at some of the responses.
Posted inRegulatory Enforcement
State agencies may be final frontier for consumer advocates
As the Consumer Financial Protection Bureau weakens, state agencies—mini-CFPBs if you will—may step up to fill the void.
Posted inUncategorized
House panel advances slate of reform-minded bills
The House Financial Services Committee this week advanced 12 bills. Among them is a modification of the Sarbanes-Oxley Act so that small, privately owned non-custodial brokers and dealers are no longer required to hire PCAOB-registered audit firms to meet annual reporting obligations.
Posted inUncategorized
SEC monitoring Hurricane Florence
The Securities and Exchange Commission, in a statement on Friday, said it is “closely monitoring the effects of Hurricane Florence” on investors and capital markets. It will consider extending deadlines for filings and other regulatory requirements.
