“Message received,” SEC Chairman Jay Clayton said as panelists at his discussion on global macroeconomic trends emphasized how technology is affecting markets and why regulators must lead rather than follow.
Lori Tripoli
Posted inInternal Controls
BGC Financial to pay $3M for supervisory failures
BGC Financial was accused of various supervision, reporting, and recordkeeping violations that went on for more than five years in a $3 million enforcement action from the CFTC.
Posted inBoards & Shareholders
More companies pointing finger at proxy advisory firms
A new survey from the U.S. Chamber of Commerce and Nasdaq says the number of companies identifying conflicts of interest at proxy advisory firms has almost doubled.
Posted inData Privacy
Regulators wary of crypto as digital assets go mainstream
Federal agencies struggle to categorize digital coins as currency, securities, commodities, property, or something else—but even as they dither, some big companies strive forward in the digital assets arena.
Posted inBoards & Shareholders
House passes bill requiring disclosure of diversity on corporate boards
If enacted, legislation on corporate board diversity would require the SEC to work on strategies to increase gender, racial, and ethnic diversity on corporate boards.
Posted inRegulatory Enforcement
SEC sees slight decrease in number of whistleblower tips fielded
The Securities and Exchange Commission, in its annual report to Congress, indicated it fielded 5,212 whistleblower tips in fiscal year 2019, down 1 percent from the record of 5,282 in FY2018.
Posted inData Privacy
Best practices for choosing the right data privacy software
Don’t expect a plug-and-play technology solution to this complex new problem.
Posted inBoards & Shareholders
SEC’s Clayton pushes modernization at UPenn speech
Touting the SEC’s recent accomplishments, Chairman Jay Clayton maintains modernization helps advance the regulator’s “tripartite mission” and gives some hints about next year’s agenda.
Posted inSurveys & Benchmarking
Verizon finds payment security declines for 2nd consecutive year
Although the Payment Card Industry Data Security Standard (PCI DSS) launched back in 2004, 15 years later, most organizations still struggle to adhere to it.
Posted inRegulatory Policy
ISS asks court to toss SEC proxy adviser guidance
In a lawsuit filed against the SEC, advisory firm ISS argues that, contrary to SEC opinion, proxy advice is not a solicitation under securities laws.