All SEC Commissioners articles
-
Blog
'Hold' everything: SEC may be stuck at three commissioners for a while
Instead of trying to come up with new ways to repeatedly express public “disappointment” in the SEC, says enforcement blogger Bruce Carton, perhaps the U.S. Senate could simply do its own job and vote on the two nominees that President Obama nominated back in October 2015. Carton explores reasons behind ...
-
Blog
Sen. Warren, Chair White and the circle of disappointment
At a hearing this week, Sen. Elizabeth Warren tried to hang her "disappointment" on SEC Chair Mary Jo White for the third time in 12 months. This time, to Sen. Warren's surprise, Chair White was ready to fight disappointment with disappointment.
-
Blog
‘Routine’ vote to finally approve two SEC commissioner nominees blocked
Image: The struggle to add two commissioners to the SEC drags on, leaving SEC Chair Mary Jo White (left) and two other SEC commissioners to do the work of what is supposed to be a five-member commission. The most recent development in this saga came yesterday, when a supposedly “routine” ...
-
Blog
Advocacy Group Rolls Out 'Dump (Mary Jo) Truck' on D.C. Streets
What stunts are even left for the next disgruntled advocacy group to pursue? Skywriters? Taking over the television airwaves to deliver a message like the Joker in Batman? Falconers? Stay tuned!
-
Blog
Gallagher Out: SEC Commissioner Sets Departure Deadline of Oct. 2
Nearly four months after SEC Commissioner Daniel Gallagher announced his intention to depart the SEC, no successor has been nominated by the White House. Today, Commissioner Gallagher issued a short statement indicating that his offer to stay on as a commissioner now has an expiration date: Friday, October 2, 2015.
-
Blog
Outgoing SEC Commissioner Gallagher Takes One Last Shot at Dodd-Frank
In what was likely his last formal speech as an SEC commissioner, Commissioner Dan Gallagher invoked into his inner Stuart Smalley to take aim one last time at his favorite target, the Dodd-Frank Act.
-
Blog
SEC Chair White Responds to Sen. Warren’s ‘Disappointment’
In response to a lengthy list of grievances laid out by Sen. Elizabeth Warren in early June 2015, SEC Chair Mary Jo White has answered the Senator’s complaints. Specifically, White explained her recusals from certain cases (she had been granted permission to be recused from certain cases for two years), ...
-
Blog
Sen. Warren and 'Liberal Allies' Derail Planned SEC Nomination
Sen. Elizabeth Warren and activist groups with which she is aligned have reportedly derailed President Obama's plan to nominate a corporate lawyer for a soon-to-be open Democratic seat on the Commission.
-
Blog
SEC Commissioners Want New Rules for Transfer Agents
In an increasingly rare display of unity among members of the Securities and Exchange Commission, they say that the Commission needs to dust off decades-old rules for transfer agents. New requirements could include requiring agents to be appropriately insured, properly disclosing conflicts of interest; and being subjected to more robust ...
-
Blog
SEC's Pinterest Page Highlights Achievements of Women SEC Officials
The SEC has found another interesting use for its "Pinterest" page. It recently created a Women's History Month board on the popular social media site to help gather information and photos, and celebrate the achievements of many of the most influential women employees in in its history.
-
Blog
Sen. Warren is Triply 'Disappointed' in SEC Chair White
Sen. Elizabeth Warren would like SEC Chair Mary Jo White to know that Sen. Warren is disappointed in her. In a 13-page letter this week, Sen. Warren expressed this very sentiment repeatedly, prompting Chair White and others to defend her leadership of the agency and its accomplishments.
-
Blog
SEC Commissioners Gallagher and Aguilar Prepare to Depart Agency
SEC Commissioner Daniel Gallagher has notified the White House that he will be departing the agency as soon as his successor is confirmed by the Senate. With fellow SEC Commissioner Luis Aguilar also leaving the agency soon, the search for potential successors is reportedly underway.
-
Blog
Despite LIBOR Manipulation, SEC Grants Deutsche Bank Waiver
Image: The SEC has decided not to let an admission of LIBOR manipulation result in the loss of Deutsche Bank’s well-known seasoned issuer status. “It is safe to assume that these waiver requests will continue to roll in, as issuers are now emboldened by an unofficial Commission policy to overlook ...
-
Blog
SEC Revisits Cross-Border Swap Rules
The Securities and Exchange Commission is seeking to better define the requirements for security-based swap transactions that involve a foreign entity’s activity in the United States. A new proposed rule addresses what to do when only certain activities involving a security-based swap transaction occur within the United States. More inside.
-
Blog
Congress Grills SEC on Budget Request
Image: SEC Chair Mary Jo White was in the hot seat Tuesday during during a hearing before the House Committee on Financial Services. Republicans scrutinized her $1.7 billion budget request, while Democrats blasted the Commission’s “bad actor” waiver process and a decision not to require political spending disclosures.
-
Blog
SEC Details Its Criteria for ‘Bad Actor’ Waivers
Amid a fierce debate among commissioners, the SEC’s Division of Corporation Finance has issued guidance on how and when waivers will be granted for companies that face disqualification from registration exemptions when raising capital. Determinations will include whether the misconduct was isolated, company leadership was involved, and training and remediation ...
-
Blog
SEC Chairman Weighs in on Waiver Dispute
Image: For more than a year, the SEC has been divided over the use of waivers that allow firms to engage in capital-raising activities despite an enforcement action. For the first time, SEC Chairman Mary Jo White has entered the fray. Waivers should not be wielded as an enforcement tool, ...
-
Blog
New Guidance on SEC Waivers, Exemptions in the Works
Companies seeking waivers that allow them to retain exemptive relief despite an enforcement action may soon get fresh guidance from the Securities and Exchange Commission on how that increasingly contentious process will work in the future. Speaking at a conference in Washington D.C., Elizabeth Murphy, an associate director for ...
-
Blog
SEC Commissioners Vent on Administrative Proceedings, Disclosures
Speaking recently at the Practicing Law Foundation’s “SEC Speaks” forum, various SEC commissioners detailed their priorities for 2015. Hot topics included the Commission’s reliance on in-house administrative proceedings, a disclosure regime that hasn’t kept pace with technological advancements, and the challenge of creating a more diverse workforce at the Commission.
-
Blog
SEC Commissioners Irate Over Comment Letter Glitch
SEC Commissioners Daniel Gallagher and Michael Piwowar fired off a testy complaint Wednesday about “a significant failure” of the SEC’s rulemaking process, complaining that SEC staff missed “an extensive comment letter” opposing a recently adopted rule on swaps trading. The oversight should force a reopening of the comment period, they ...