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."
Tuesday Regulatory Briefing: Supreme Court Puts Limits on SEC Penalties
The NYSE pushes for direct listing changes; stress tests incorporate the pandemic; eurozone banks borrow record amounts; and more.
Avoiding the COVID-19 Wave of Securities Litigation
What might event-driven securities litigation during this period look like?
Disclosures Amid COVID-19: “None of This Has Been Done Before”
Once the dust finally settles from the COVID-19 crisis, the last thing issuers will want is to face an inquiry and possible enforcement action by the SEC.
Virus Lays Bare Corporate Reporting Debate
In this moment, communication to investors in earnings calls should be more focused on future viability rather than historic profitability.