Topic: SEC (USA)

“Proxy access on steroids”: SEC empowers proxy voters with new rules, over Peirce’s dissent

The United States’ securities regulator has proposed to overhaul rules implemented by successive Republican leaderships, giving proxy voters more freedom during corporate board elections and boosting the armoury of activist investors.

18 November 2021

“Regulation that is fit for purpose”: Coinbase calls for dedicated crypto regulator

Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.

18 October 2021

FINRA to sweep SPACs

The United States’ brokerage regulator has announced a sweep of special-purpose acquisition companies, asking firms to detail conflicts of interest as more regulators begin to closer scrutinise the blank-cheque arena.

13 October 2021

“Real impact”: US Fed watchdog confirms trading probe

The United States Federal Reserve’s watchdog has commenced a probe into whether senior officials broke any laws by trading during the pandemic, as two senators call for separate SEC and Congressional investigations into whether the central bank’s vice chair engaged in insider trading.

06 October 2021

CFTC’s Berkovitz reunites with Gensler at SEC

The US Securities and Exchange Commission has named its new general counsel – the Commodity Futures Trading Commission’s outgoing commissioner Dan Berkovitz.

30 September 2021

Coinbase pulls crypto product, seeking “regulatory clarity”

The United States’ largest cryptocurrency exchange Coinbase has cancelled the launch of its crypto lending program, a week after it revealed the SEC had promised to sue the exchange if it went ahead.

23 September 2021

Circle sets sights on federal charter

US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.

11 August 2021

SEC hints at forthcoming climate disclosure rules

SEC chair Gary Gensler has promised widely anticipated climate disclosure rule proposals will arrive this year and will move beyond the existing TCFD framework.

02 August 2021

Supreme Court petitioned to block SEC “power grab”

The Securities and Exchange Commission overstepped its statutory authority when it enforced anti-money laundering regulations in the Bank Secrecy Act, according to a petition before the US Supreme Court.

22 July 2021

SEC officials rue missed opportunity for crypto clarity following Coinschedule fine

The US Securities and Exchange Commission has fined the operator of a former initial coin offering platform, prompting criticism from its two Republican commissioners that it has missed an opportunity to provide clarity over which digital assets count as securities.

15 July 2021

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