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Category: SEC

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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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The SEC’s Five Deregulatory Moves in September

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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

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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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Back to the Ledger: The SEC Stands Up a Dedicated Accounting Fraud Unit

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The SEC has created dedicated accounting-fraud teams before. It did so in 2013 with a Financial Reporting and Audit Task Force, and again this past spring with a “SOX group” that arrived with little more fanfare than a pair of job listings....

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