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Category: SEC

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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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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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