‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInHester Peirce pushes for personal liberty as an SEC voice of dissent
Securities and Exchange Commission member Hester Peirce will soon have a new experience on the five-person panel. During her first three years, she was part of the Republican majority. Following the likely Senate confirmation of Gary Gensler as chair, Democrats will have a 3-2 edge. Peirce, a former senior counsel for an SEC commissioner and […]
SEC Commissioners Square Off Over Enforcement Settlement Process | Bass Berry & Sims
In one of her first official actions as Acting Chair of the Securities and Exchange Commission (SEC or Commission), Allison Herren Lee reversed a major policy implemented by recently departed SEC Chairman Jay Clayton involving the SEC enforcement settlement process. This decision could significantly impact the SEC settlement process by causing uncertainty for settling entities […]
Senate Confirms Peirce, Crenshaw as SEC Commissioners | ThinkAdvisor
The nominations of Hester Peirce and Caroline Crenshaw to serve as commissioners on the Securities and Exchange Commission were approved by the full Senate in a voice vote late Thursday, ending the confirmation process. Peirce, a Republican, was first sworn in on Jan. 11, 2018. Her second term expires on June 5, 2025. Crenshaw, a Democrat, […]
Hester Peirce tapped for second term as SEC commissioner
Hester Peirce has been nominated to another term as an SEC commissioner. Her current term expired Friday, though commissioners can remain in their seats up to 18 months after a term’s expiration, or until a replacement is confirmed. If confirmed by the Senate, her term would stretch until June 2025, the White House announced Tuesday. […]
President Donald J. Trump Announces Intent to Nominate Individual to a Key Administration Post | The White House
Today, President Donald J. Trump announced his intent to nominate the following individual to a key position in his Administration: Caroline A. Crenshaw, of the District of Columbia, to be a Member of the Securities and Exchange Commission. Ms. Crenshaw currently serves as Senior Counsel at the United States Securities and Exchange Commission (SEC) and […]
SEC’s top Democrat issues warning ahead of departure next month | Financial Times
The senior Democratic member of the US Securities and Exchange Commission has warned that shareholders’ ability to influence corporate boardroom decisions is under threat in comments ahead of his departure next month. Robert Jackson, whose exit has been expected after his term officially ended in June last year, told the Financial Times that updates to […]
SEC Commissioner Jackson Resigns to Return to Law School Teaching Position – WSJ
One of the two Democratic members of the Securities and Exchange Commission plans to step down next month, leaving Republicans with stronger control of the agency at a time when conservatives are pushing to ease financial regulation broadly. SEC commissioner Robert Jackson Jr., 42 years old, said Thursday he plans to leave office on Feb. […]
SEC Democratic Commissioner Jackson to step down next month – Reuters
Rob Jackson, a Democratic Commissioner at the U.S. Securities and Exchange Commission, said on Thursday he will step down on Feb. 14 to continue teaching at New York University School of Law, where he is currently on faculty leave. The departure of Jackson, an independent who was picked by Democrats to fill an open Democratic […]
Exclusive: White House expected to nominate SEC lawyer for Democratic commissioner seat – sources – Reuters
The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three people with direct knowledge of the matter. Crenshaw currently works as an attorney in Jackson’s office. Senate Democratic Leader […]
SEC member Robert Jackson calls out critics of agency ‘rulemaking by enforcement’
Brokerage industry advocates have accused the SEC of launching enforcement on share class selection before explaining what it expected from firms on fee disclosure. Instead, they say, the agency started with enforcement. They decry it as rulemaking — or regulation — by enforcement. Last week, SEC member Robert Jackson Jr. said he’s getting tired of […]