Securities and Exchange Commission News

Wall Street in Quandary Over New SPAC Equity Contracts After SEC Crackdown

Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters. They are …

SEC Plans New Workforce Data Disclosure Rule

The U.S. Securities and Exchange Commission (SEC) plans to propose a rule requiring that public companies disclose a range of workforce data as the agency steps up environmental, social and governance (ESG) disclosures, its new chair, Gary Gensler, said on …

SEC Eyes Guidance on SPAC Projections, Clarity on Liability Shield

U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions. The previously unreported measures being …

SEC Throws Another Wrench into Wall Street’s SPAC Machine

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …

SEC Warns SPACs Aren’t a Way to Avoid Securities Laws

The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despite their …

SEC Starting to Inquire About Risk Management of Blank Check IPOs: Reuters

The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The U.S. Securities and …

Analysis: SEC’s Crackdown on Climate Risk Disclosure Easier Said Than Done

With Democrats at the helm, the U.S. securities regulator is pledging to crack down on companies and funds that mislead investors over climate change risks, but that may be easier said than done, more than a dozen attorneys and former …

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. Lev …

SEC Warns GE of Possible Securities Violations in Its Insurance Accounting

General Electric said on Tuesday it has received a notice from U.S. Securities and Exchange Commission staff, warning that the company could face a civil action for possible violations of securities laws related to accounting practices for some of its …

U.S. Needs an SEC for Its Health Care System: Opinion

The U.S. health care system suffers from a lack of transparency. Employers, insurers and individual consumers pay varying prices for treatments, drugs and digital information of varying quality, without knowing whether the prices are relatively high or low, or whether …