The SEC has resolved ongoing accusations against with two former senior executives of ITT Educational Services Inc. The Commission says the company’s leadership hid its true financial condition from investors. The resolution successfully concludes an SEC case against the national operator of for-profit colleges.
Joe Mont
Posted inRisk Management
Companies need to do a better job with crisis management
From natural disasters to cyber-security and supply chain disruptions, companies say they are prepared for a crisis, but those boasts often prove hollow when one hits.
Posted inUncategorized
SEC expands application of scaled disclosures
The SEC has extended its “smaller reporting company” definition to expand the number of companies that qualify for scaled disclosure accommodations.
Posted inUncategorized
SEC adopts changes to liquidity risk management disclosures
The SEC has finalized amendments to liquidity-related disclosure requirements for certain open-end funds. Under the amendments, funds would discuss in their annual or semi-annual shareholder report the operation and effectiveness of their liquidity risk management programs.
Posted inData Privacy
California is first state to enact a domestic take on EU data protections
Despite the economic clout of the tech sector, California’s state legislators have passed an extensive slate of data privacy rules that take their cue from the EU’s recently enacted General Data Protection Regulation rules.
Posted inRegulatory Enforcement
SEC unveils ideas for updating whistleblower program
In an effort to improve its whistleblower program and adapt it to recent Supreme Court demands, the SEC has proposed a slate of amendments to the rules that govern the initiative.
Posted inUncategorized
As immigration issues grow in intensity, companies are swept into the fray
Companies that might otherwise avoid politics and controversy are finding it hard to stay clear of the immigration debate.
Posted inUncategorized
Wells Fargo settles with SEC over improper sales advice, strategy
An SEC announcement says Wells Fargo Advisors will settle charges that its sales team pushed retail investors to cash out non-liquid investments before their maturity, unnecessarily costing them money but improving the firm’s profits.
Posted inRegulatory Enforcement
SCOTUS delivers a constitutional blow to SEC’s ALJ process
The perpetually maligned use of administrative law judges at the SEC faces big changes after the Supreme Court, led by Justice Elena Kagan, agreed with constitutional challenges.
Posted inUncategorized
NY federal judge declares CFPB unconstitutional
With latest volley in ongoing debates over the constitutionality of the CFPB, a federal judge in New York ruled on Thursday that the Bureau’s current structure is unconstitutional.