SEC Guidance

SEC Proposes Long-awaited Crowdfunding Rules

October 23, 2013

The SEC voted unanimously today on proposed crowdfunding rules, which for the first time will allow companies to offer and sell securities to a wider swath of small investors through regulated online funding portals. Previously, private US companies could only solicit wealthy “accredited investors,” those who have a net worth of $1 million or an […]

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SEC Releases Key Enforcement Stats Since Financial Crisis

October 18, 2013

The SEC recently released updated statistics through Sept. 1, 2013, detailing major enforcement actions the agency has taken against banks and investment firms to address misconduct that led to or arose from the financial crisis. The types of misconduct included: Concealing from investors risks, terms and improper pricing in CDOs and other complex structured products […]

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SEC Is a ‘Cop’ for Investors, White Says

October 11, 2013

SEC Chair Mary Jo White this week gave a keynote address at the Securities Enforcement Forum 2013 in Washington, D.C., where she likened the agency’s role to “a strong cop on the beat.” Investors want to know that someone is “patrolling the streets and checking on things,” not just “sitting in a station house waiting […]

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SEC Votes on Proposed Pay Ratio Rule

September 18, 2013

By a narrow 3-2 vote, the SEC today voted to propose a “pay ratio” rule that would require public companies to disclose how much their CEO is paid yearly relative to the median annual pay of the rest of their employees. The proposal gives companies the option of using a statistical sampling, rather than calculating […]

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Intelligize Identifies Top 5 Comments in SEC Letters

September 11, 2013

Wondering what topics most commonly pop up in SEC comment letters to public filers? It’s unanimous. Among major filing types – 10-Ks, S-1s and 10-Qs – Financial Statements topped the list so far in 2013. Using the Intelligize Comment Checker tool, we have gleaned other key topics that the SEC is frequently commenting on this […]

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