Tag: Coronavirus

SEC Has Two ‘Suspected’ Coronavirus Cases, Agency Official Says (1)

Two workers at the SEC’s Washington headquarters may have the new coronavirus, an agency official said in a court filing. The Securities and Exchange Commission’s Enforcement Division has implemented an emergency policy of “either requiring or strongly encouraging telework for its personnel, depending on their individual circumstances and each employee’s physical proximity to the workstations of two suspected COVID-19 cases,”…

Read More

Cruise Line Shareholder Files First Coronavirus-Related Securities Suit | The D&O Diary

After I published a post last week suggesting that there could be D&O claims arising out of the COVID-19 coronavirus outbreak, several people suggested to me that I was being alarmist and expressed deep skepticism about the possibility of coronavirus-related claims. After all, they said, there were no D&O claims filed in connection with the SARS, MERS or Ebola outbreaks.…

Read More

Why In-House Counsel Need to Watch for Insider Trading, Public Disclosure Issues From COVID-19 | Corporate Counsel

The COVID-19 coronavirus pandemic means in-house counsel need to keep an eye on potential insider trading by employees at all levels who may gain access to material, nonpublic information about supply chain or other disruptions that could affect a company’s bottom line, or its financial outlook. Inside counsel also need to consider whether and how to handle public disclosure about disruptions or…

Read More

U.S. SEC staff stay home after employee treated for coronavirus symptoms – Reuters

Staff at the U.S. securities regulator were working from home on Tuesday after an employee at its Washington, D.C., headquarters was treated for coronavirus symptoms, the Securities and Exchange Commission said. The markets regulator also canceled Wednesday’s scheduled public meeting of the agency’s commissioners, after saying earlier on Tuesday that it would go ahead with it while urging attendees to…

Read More

SEC Enforcement Unit On Lookout For Coronavirus Scams Says Division Co-Head Peikin

The Securities and Exchange Commission Enforcement Division is on the lookout for COVID-19 coronavirus scams, Division Co-Director Steve Peikin said today. His statement came in response to a question from a reporter if Enforcement was on guard against fraudsters trying to make money on the crisis as scammers have tried in the wake of other calamities. via SEC Enforcement Unit…

Read More

SEC Provides Conditional Regulatory Relief and Assistance for Companies Affected by the Coronavirus Disease 2019 (COVID-19)

Today, the Securities and Exchange Commission announced that it is providing conditional regulatory relief for certain publicly traded company filing obligations under the federal securities laws. The impacts of the coronavirus may present challenges for certain companies that are required to provide information to trading markets, shareholders, and the SEC. These companies may include U.S. companies located in the affected areas, as…

Read More