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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC & CFTC Could Write Rules for Crypto Markets – But Likely Won’t Anytime Soon
Regulators are in no hurry to write rules for crypto. The Securities and Exchange Commission and Commodity Futures Trading Commission have brought a combined total of more than 100 enforcement actions against crypto-asset market participants. Yet, neither agency has issued a single crypto-specific rule, and it is unlikely that they will change course any time […]
The SEC’s Rules Are Getting Unreal – WSJ
The Securities and Exchange Commission’s job is to make markets work. But today’s SEC leadership—which as of August had proposed 26 new rules this year alone—is ignoring the real-world effects of its regulations on market participants. Its approach can be described as “regulation by hypothesis.” If not remedied, it will prove disastrous. Source: The SEC’s […]
SEC Considers Changes to Trump-Era Rules – WSJ
Among the regulations that the SEC plans to revisit are amendments to its whistleblower award program and a rule requiring oil, gas and mining companies to disclose payments made to foreign governments. Both rules were passed late last year over opposition by the agency’s Democrats. The decision to revisit the rules is part of the […]
SEC Adds Clarity, Efficiency and Transparency to Its Successful Whistleblower Award Program
Among other enhancements, the amendments provide a mechanism for whistleblowers with potential awards of less than $5 million (which historically have represented nearly 75% of all whistleblower awards), subject to certain criteria, to qualify for a presumption that they will receive the maximum statutory award amount. Other awards will continue to be evaluated consistent with […]
Trump’s SEC Makes Slow Progress on Trimming Rules – WSJ
The SEC has signaled more gradual action aimed at streamlining regulations for the coming year. “Modernizing the rules without in any way taking away investor protection is the best thing that we can do,” Mr. Clayton told CFO Journal on the sidelines of the Practicing Law Institute’s “SEC Speaks” conference in Washington on Friday. The […]
US SEC’s lack of progress on reform rules frustrates officials – FT.com
While the SEC has issued numerous enforcement actions this year, the agency has made little progress on more than 40 rules on its 2014 agenda. Most of those rules stem from the 2010 Dodd-Frank financial reform legislation passed in reaction to the 2008 financial crisis, and the Jobs act, which makes it easier for smaller […]
Whistleblower brouhaha at SEC
Interested parties on both side of issue threaten litigation or legislation.