All Securities and Exchange Commission articles – Page 56
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Article
SEC raises the bar on cyber-security risks
Regulators expect companies to raise their game in protecting the corporate jewels from online hackers, especially in schemes that are not exactly novel.
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Blog
SEC staff plans to scrutinize year-end revenue disclosures
As companies get closer to their first annual disclosures under new revenue recognition rules, staff members at the SEC are stocking up on red pens.
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Blog
Lease accounting adoption still behind, PwC poll says
More than 15 percent of public companies surveyed in late October had not yet begun implementing the new lease accounting standard that takes effect Jan. 1.
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Blog
SEC wants more Brexit disclosure, Clayton says
As turmoil over the British exit from the European Union deepens, the Securities and Exchange Commission is looking for public companies to start disclosing more about how they’ll be affected.
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Blog
SEC, FASB members offer no hopes for CECL delay
Amid calls for a delay or changes to CECL, the SEC's chief accountant is defending the rulemaking process under FASB and its independence.
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Blog
SEC pushed to stress ‘fiduciary duty’ in forthcoming rules
Members of the SEC’s Investor Advisory Committee are recommending that forthcoming rules for investment advisers be made more explicit and in line with past visions of a “fiduciary duty.”
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Blog
Tesla names new chairman of the board
Tesla has named a new chairman of the board, Robyn Denholm, to replace founder and CEO Elon Musk. She takes on the post after serving as CFO for Telstra, Australia’s largest telecommunications company.
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Blog
Citibank to pay $38.7M for improper handling of ADRs
Citibank has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts, the Securities and Exchange Commission announced on Nov. 7.
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Article
Legal, governance challenges persist for Tesla
Having finalized a settlement with the SEC, Tesla now faces new controversies as the Justice Department and disgruntled investors take aim at the company and its mercurial founder.
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Blog
SEC wants updated reporting for life insurance contracts
Firms offering variable annuities and variable life insurance contracts could soon face new disclosure requirements. Changes proposed by the SEC would permit the use of a summary prospectus to provide disclosures to investors.
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Blog
New SEC rules demand improved mining company disclosures
The SEC has adopted amendments to improve and modernize disclosures by mining companies. The changes are intended to provide investors with “a more comprehensive understanding of a registrant’s mining properties.”
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Blog
SEC rule adds new customer disclosures for brokers
The SEC has advanced new rules and amendments that that will require broker-dealers to disclose to investors “new and enhanced information about the way they handle investors’ orders.”
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Blog
SEC expands probe at GE after $22B impairment charge
The SEC has expanded its investigation into accounting issues at GE and is now looking into a $22 billion impairment charge, the company reported.
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Blog
Ex-KPMG leader pleads guilty in inspection leak case
A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.
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Blog
SEC warns companies to control phishing losses
The SEC has put companies on notice that their internal controls need to consider the risk of cyber-attack, especially e-mail “phishing” scams.
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Blog
SEC, PCAOB discipline ex-auditors at BDO, Deloitte
Two new enforcement actions give audit committees some textbook reminders to keep tabs on auditors regarding their compliance with professional standards.
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Blog
SEC releases new, four-year strategic plan
The SEC has released a new strategic plan that is intended to guide the agency’s work over the next four years “with a primary focus on investors, innovation, and performance.”
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Article
Revenue compliance questioned heading toward year-end
Whatever public companies have disclosed about revenue recognition so far, regulatory reaction after two quarterly filings would suggest they should plan to say more.
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Blog
SEC petition, Senate bill seek rules on ESG disclosures
Climate change activists are upping the pressure on public companies to disclose the risks they face due to a potential environmental catastrophe. Those efforts include an SEC petition for rulemaking and a new Senate bill.
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BlogMusk mocks SEC on Twitter
Within days of reaching a settlement with the Securities and Exchange Commission over what it says was “false and misleading” information delivered to investors via Twitter, Tesla founder Elon Musk is back online and taunting the regulator.