Memo to SPACs: The Bar Has Been Raised
The SEC’s quandary is trying to solve a problem of incentives with a toolkit consisting exclusively of disclosure and enforcement actions.
Gensler Ousts PCAOB Chair; Other Board Members to Follow
Besides removing William D. Duhnke III, the SEC said it intends to seek candidates to fill the other Board positions.
PCAOB Critics Call On Gensler to Clean House
"We do not believe the current Board members are up to the task of re-focusing the PCAOB on its core mission," says an investor group.
Getting a Jump on Climate Change Disclosures
CFOs should start planning their communications strategies and assessing climate-related business risks as soon as possible.
SEC Could Reclassify SPAC Warrants And Hold Up New Filings: Report
Warrants could soon be considered liabilities instead of equity for accounting purposes.
SEC Sends a Message to Social Media Stock Promoters
Commission suspends trading in an over-the-counter stock, SpectraScience, that is being "pumped" on social media sites.
SEC Sues Ripple Over Sales of XRP Digital Assets
Ripple's CEO says the company will fight the suit, calling it "an attack on the entire crypto industry and American innovation."
Beware This Misstep With Share Buybacks
Knowledge of a potential sale eluded Andeavor LLC's internal controls team, causing the firm to violate securities law.
Audit Partner Rotation Delivers Few Benefits: Study
Studies find no significant fall-offs in reporting quality over partners’ five-year tenures and little or no evidence of the benefits of "fresh looks."
SEC Charges Consumer Loan Company With FCPA Violation
World Acceptance's former Mexico subsidiary paid more than $4 million in bribes to Mexican officials, said the SEC.
Machine Learning Startup Was a Sham, Says SEC
Founder Shaukat Shamim "drummed up interest in [YouPlus] by providing false information about its financial performance and customer base."