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Category: Rules & Regs

two parallel train tracks

SEC Takes Two-Track Approach to Private Assets

two parallel train tracks

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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The SEC’s Five Deregulatory Moves in September

fall leaves and a cup of pumpkin spice latte

When the morning air gets brisk and the calendar turns to September, we can rely on certain rites of fall: pumpkin spice anything, football season, and a flurry of enforcement activity at the SEC. But this year, something’s different. Inste...

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SEC Hangs Up Its Whistle on Shareholder Proposals

whistle hanging from a goal net

The SEC is taking the term “no action” more literally than it ever has before. The agency took its first step away from the no-action process last November, when the Division of Corporation Finance said it would stop weighing in on most com...

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Return to Sender: The DOJ Withdraws a Decades-Old Letter to a Proxy Advisor

Play figures of different colors

For nearly four decades, Institutional Shareholder Services (ISS) held a piece of paper most public companies would envy: a 1987 business review letter from the U.S. Department of Justice saying the government had no plans to challenge its...

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