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Calls have already come from the Treasury Department for some regulator to step up the oversight of investment banks to prevent another Bear Stearns-like fiasco. Now the Securities and Exchange Commission says it is just the agency to do so. SEC officials fired off a series of remarks last week to that end, saying that […]

A top Securities and Exchange Commission official recently offered more hints on how the SEC plans to improve global trading, and global oversight, of securities. The Commission has been working for a year to develop some type of mutual-recognition framework, as part of a “holistic review” of the global securities business, said Erik Sirri, director […]

The Securities and Exchange Commission’s next move on embracing International Financial Reporting Standards is coming soon, its chairman said recently. SEC staff will formally propose an updated “roadmap” later this year that outlines how the United States will move to allow—if not ultimately mandate—use of IFRS instead of U.S. Generally Accepted Accounting Principles. The SEC […]

You might think that once you draft your Form 10-K or 10-Q and prepare it for submission to the Edgar filing system, you’re pretty much home free and the chance for errors is behind you. You’d be wrong. The plain truth is that companies have many “opportunities” for error between Edgarization and filing their periodic […]

It looks like the Securities and Exchange Commission will be spending a lot more time digging into the mess surrounding Bears Stearns’ collapse. The agency received two letters in less than a week calling for separate probes related to the now-acquired investment bank: one asking why the SEC didn’t take enforcement action against it last […]

A web of detailed rules and regulations has long made compliance with U.S. export laws tricky business for companies. Now, increased enforcement activity and a recent legislative change have dramatically raised the stakes for getting it wrong, experts tell Compliance Week. Lorello Part of the challenge companies face in complying with U.S. export controls is […]

Will the Securities and Exchange Commission be “modernized” out of existence? That’s just one of the numerous questions the corporate world is mulling as it digests the details of the long-awaited Treasury Department blueprint for overhauling regulation of the U.S. financial markets. Under a controversial plan for modernizing U.S. financial markets regulation unveiled last week […]

Just days after it announced its intention to explore initial agreements on mutual recognition with some of its foreign regulatory counterparts, the Securities and Exchange Commission made good on that promise by beginning talks on the topic with Australian authorities. SEC Chairman Christopher Cox met with Australian Prime Minister Kevin Rudd on March 29 to […]

Investor groups are raising alarms that the high-profile committee studying ways to simplify financial reporting might actually make things worse with some proposals on how to handle materiality and the correction of financial statement errors. The Securities and Exchange Commission’s special Committee to Improve Financial Reporting held a two-day public meeting earlier this month in […]

Leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission have pledged to build a stronger working relationship between their two agencies, in the face of ever-more blurry lines between securities, commodities, and futures. An agreement signed last week establishes a permanent regulatory liaison between the two, provides for enhanced information sharing, […]