Daily Archives: December 11, 2020, 10:43 am

Financial Services Regulation in a Biden Administration: Personnel Is Policy

Although the Commission will continue to devote resources to punishing individuals and entities that seek to capitalize on market disruptions caused by the pandemic even after Clayton departs, under a potential Democrat-led Commission, the Enforcement Division is likely to shift its focus to traditional Wall Street misconduct including insider trading, issuer reporting and accounting fraud, and Foreign Corrupt Practices Act…

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SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill

The SEC’s complaint alleges that Sequential failed to properly assess its goodwill for potential impairment after several months of declining stock prices followed by a precipitous drop in early November 2016.  According to the complaint, in December 2016, shortly after Sequential passed its annual goodwill testing, the company conducted internal calculations showing that, in light of the declining stock price,…

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