SEC

The Securities and Exchange Commission (SEC) has a new insider trading theory that all issuers and corporate insiders should have on their radar. While the agency claims the “shadow trading” theory is not “novel,” a recent federal verdict marks the first time that the SEC has successfully held a corporate official liable for insider trading […]

On April 4, 2024, the Securities and Exchange Commission (SEC) voluntarily agreed to delay implementation of its new climate disclosure regulations to allow ongoing legal challenges to play out. Lawsuits challenging the SEC’s authority to mandate the climate disclosures have been consolidated before the Eighth Circuit Court of Appeals and will now proceed with the […]

Known as the “Supervision Rule,” FINRA Rule 3110 requires brokerage firms to establish, maintain, and enforce a system to supervise the activities of their associated persons. The rule stipulates that the system of supervision should be reasonably designed to achieve compliance with all applicable regulations established by the Financial Industry Regulatory Authority (FINRA) and the […]

On March 6, 2024, the Securities and Exchange Commission (SEC) adopted highly controversial final regulations requiring public companies to make new climate-related disclosures in their registration statements and annual reports. The regulations, entitled The Enhancement and Standardization of Climate-Related Disclosures for Investors, mandate disclosure of information about a registrant’s climate-related risks that have materially impacted, […]