So when do you think these recommendations regarding the Securities and Exchange Commission (SEC) were made as part of a transition plan? “This report demonstrates how the staff and budget of the Securities and Exchange Commission can be reduced by approximately thirty (30) percent over a three year period without any compromise in the mission of the Agency.” “…the policy…
The US Securities and Exchange Commission is investigating a municipal-bond sale by a Detroit suburb that was hacked last year by cyber criminals, resulting in the theft of about $30 million of proceeds. The SEC is probing whether the bond issue, which was supposed to close in November, violated securities law, according to a March 11 bond-offering supplement. The community…
As Delaware lawmakers prepare to hold hearings tomorrow about a bill that could reshape corporate America, some of the biggest corporate law firms are coming out in favor of it. On Tuesday, 21 law firms — including Simpson Thacher and Bartlett; Cravath, Swaine & Moore; and Paul, Weiss, Rifkind, Wharton & Garrison — will publish a letter strongly supporting legislation…
Ms. Crenshaw, who has worked at the S.E.C. for more than a decade, suddenly has become the agency’s loyal opposition. It’s a role that may not have an impact on the S.E.C.’s immediate rulings, but can help shape securities regulation over the long term. Ms. Crenshaw’s dissenting view on the agency’s authority to regulate memecoins is the first of several…
When Alex Goldstein was just 7 years old, he says, he was drawn to extreme weather. Within 10 years, he convinced his father to take him storm chasing and hasn’t stopped since. Now, at 35, he leads a small group of data scientists and meteorologists who help teams of traders at one of the world’s largest hedge funds position themselves…
The message from the U.S. Securities and Exchange Commission is undeniable: there will be less enforcement, and what enforcement occurs will be more targeted at traditional fraud with retail investor harm. The most recent addition to the pile of evidence is a final rule, not subject to public comment or hearing, removing the delegation of authority to the Director of…