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murmuring of starlings

SEC’s Closed Climate Probe Has Lessons for Asset Managers

murmuring of starlings

Impact investment fund Engine No. 1 owned just a tiny slice of ExxonMobil in 2021 but still won three seats on Exxon’s board by arguing it needed a credible plan for the energy transition. BlackRock, Vanguard, and State Street backed some o...

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Six Things to Know About Cboe’s Binary KPI Options

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The Chicago Board of Trade Building is located some 1,520 miles from Las Vegas. But today, the two may feel just a little bit closer. Cboe Global Markets, which has its active trading floor in the building, won SEC approval on October 13 to...

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SEC Puts Proxy Voting in Self-Driving Mode

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Last year, Goldman Sachs shareholders representing roughly a third of votes cast objected to $80 million in retention bonuses for CEO David Solomon and President John Waldron, the most pushback on compensation the bank has ever seen. Holder...

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SEC Takes Two-Track Approach to Private Assets

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For about $100 and two hours of multiple-choice questions, the average Joe could soon qualify to buy into private offerings. That is the premise of a FINRA-developed accredited investor exam the SEC is now considering. Anybody 18 or older c...

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AI Guardrails Are the New Black

guardrail lining a busy road

One of OpenAI’s research models recently wrote itself a note to stop following the rules. Another autonomously uploaded files to the internet so it could cite them later as evidence. OpenAI disclosed both episodes and four others in an unse...

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