Jay Clayton

Biden to Name Gary Gensler as SEC Chairman
Regulation

Biden to Name Gary Gensler as SEC Chairman

The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
By Matthew Heller | January 13, 2021
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SEC Proposes Equity Pay for Tech Firm Gig Workers
Regulation

SEC Proposes Equity Pay for Tech Firm Gig Workers

A proposed rule change would allow internet platform workers to "participate at a measured level in the growth of the companies that their efforts support."
By Matthew Heller | November 25, 2020
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SEC Fines From Enforcement Hit Record $4.68B
Risk & Compliance

SEC Fines From Enforcement Hit Record $4.68B

The number of new enforcement actions fell 17% this year but the SEC opened more than 150 COVID-related inquiries and investigations.
By Matthew Heller | November 3, 2020
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Kaiser to Leave PCAOB; Chief Auditor to Replace Him
Corporate Finance

Kaiser to Leave PCAOB; Chief Auditor to Replace Him

Megan Zietsman, chief auditor and director of professional standards of the PCAOB, will replace Jim Kaiser, who is retiring.
By Vincent Ryan | October 15, 2020
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SEC Expands Investor Pool for Private Offerings
Regulation

SEC Expands Investor Pool for Private Offerings

Under a new test, financially sophisticated investors will be able to participate in private placements even if they do not meet wealth thresholds.
By Matthew Heller | August 26, 2020
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Three Key Coronavirus-Related Strategic Risks to Consider
Supply Chain

Three Key Coronavirus-Related Strategic Risks to Consider

While it's too early to measure the impact the disease will have on companies, finance chiefs should be prepared to deal with these risk factors.
By David McCann | March 4, 2020
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Whistleblower Tips to SEC Top 5,200 in FY 2019
Risk & Compliance

Whistleblower Tips to SEC Top 5,200 in FY 2019

“The whistleblower program continues to have a significant positive impact on the commission’s enforcement efforts and protection of investors and markets."
By Matthew Heller | November 19, 2019
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SEC Proposal Protects Executives, Hamstrings Investors
Risk & Compliance

SEC Proposal Protects Executives, Hamstrings Investors

Proposed rule changes would pressure proxy advisory firms to take a more management-friendly stance in their reports and vote recommendations.
By David McCann | November 6, 2019
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SEC Names White House Aide to PCAOB
Risk & Compliance

SEC Names White House Aide to PCAOB

Rebekah Goshorn Jurata replaces Kathleen Hamm, a cybersecurity expert who had been seeking a second term on the board.
By Matthew Heller | October 17, 2019
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Warren Slams SEC Oversight of Rating Firms
Risk & Compliance

Warren Slams SEC Oversight of Rating Firms

“There are strong indications that rating agencies are continuing to prop up risky financial products," the senator told SEC Chair Jay Clayton.
By Matthew Heller | September 30, 2019
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SEC OKs Rule to Extend ‘Test-the-Waters’ Tool
Risk & Compliance

SEC OKs Rule to Extend ‘Test-the-Waters’ Tool

All companies will now be able to gauge the interest of institutional investors in a possible public offering before filing a registration statement.
By Matthew Heller | September 27, 2019
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Bricker to Step Down as SEC Chief Accountant
Regulation

Bricker to Step Down as SEC Chief Accountant

Wes Bricker's three-year tenure will end in June, with his deputy Sagar Teotia taking over as acting chief accountant.
By Matthew Heller | May 31, 2019
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SEC Names Gabriel Benincasa as First Chief Risk Officer
People

SEC Names Gabriel Benincasa as First Chief Risk Officer

The position was created in the wake of the 2016 cyberattack to help identify and mitigate risks.
By Lauren Muskett | March 1, 2019
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SEC Proposes Rule to ‘Test the Waters’ Before IPOs
Risk & Compliance

SEC Proposes Rule to ‘Test the Waters’ Before IPOs

The move is part of a push to make it easier for companies to go public amid a 50% decline in U.S. listings over the past two decades.
By Lauren Muskett | February 20, 2019
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Senators Prod Regulators on Fintech Oversight
Risk & Compliance

Senators Prod Regulators on Fintech Oversight

A bipartisan letter follows attempts by Robinhood to rebrand a cash management service.
By William Sprouse | December 21, 2018
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