The United States’ (U.S’) Securities and Exchange Commission (SEC) on Friday announced three awards totaling more than $40 million to four whistleblowers, who provided information and assistance in three separate covered actions. In the first order, the commission issued an award of approximately $37 million to two joint whistleblowers, who provided key evidence that contributed […]
The United States’ (U.S’) Securities and Exchange Commission has approved the 2022 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. Speaking on the approval, SEC Chair, Gary Gensler, said: “Finance is about trust, and the PCAOB has a critical role to play in ensuring that public company […]
The United States’ (U.S’) Securities and Exchange Commission (SEC) on Wednesday voted to propose amendments to certain rules that govern money market funds under the Investment Company Act of 1940. The commission noted that in March 2020, growing economic concerns about the impact of the COVID-19 pandemic led investors to reallocate their assets into cash […]
The United States’ (U.S) Securities and Exchange Commission (SEC) has published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as the Financial Industry Regulatory Authority. A statement by the commission on the regulatory initiative indicated that […]
The United States’ Securities and Exchange Commission (SEC) on Friday announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an enforcement action by it. According to a press statement issued by the commission, the first whistleblower, whose information caused the opening of the investigation and exposed […]
The United States’ Securities and Exchange Commission (SEC) has adopted amendments to modernize filing fee disclosure and payment methods. Under the revised methods, operating companies and investment companies (funds) pay filing fees when engaging in certain transactions, including registered securities offerings, tender offers, and mergers and acquisitions. The amendments revised most fee-bearing forms, schedules, and […]
The Securities and Exchange Commission on Wednesday proposed amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other funds report about their proxy votes. A statement the commission indicated that proposed rulemaking would require funds to tie the description of each voting matter to the issuer’s form of proxy and […]
The U.S. Securities and Exchange Commission on Monday charged three media outfits, namely the New York City-based GTV Media Group Inc., Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The commission also announced charges against GTV and Saraca for conducting an […]
A risk and coverage research conducted by catastrophe risk modeler, Karen Clark & Company (KCC), has estimated that the insurance and reinsurance industry loss from Hurricane Ida will near $18 billion, the large majority of which is attributable to wind and storm surge losses in the U.S. According to the research firm, the estimated industry […]