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Six Takeaways From the SEC’s 2027 Exam Priorities

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AI just got a promotion in Washington, whether it needed one or not. A September 29 executive order directs federal agencies to refer to what is commonly known as “artificial intelligence” as “super intelligence,” or “SI,” and the SEC’s Div...

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One Share Rules Them All in Anthropic IPO

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Hopefully Anthropic has a good safe somewhere in the office. They’re going to need it for the single Class F share being created in the company’s eagerly anticipated IPO. That one share, held by the company’s seven founders through an LLC,...

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SEC’s Closed Climate Probe Has Lessons for Asset Managers

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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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