Securities Legal Research & News
Current News
Securities
TOP STORY—SEC proposes to enhance securities lending transparency, updated recordkeeping
New Rule 10c-1 would enhance the transparency and efficiency of the securities lending market by requiring data to be reported and made public in short order. By unanimous vote, the SEC has advanced two new proposed rules: one is intended to increase...
STRATEGIC PERSPECTIVES—House sends Build Back Better Act to Senate
November 19, 2021
Mark S. Nelson, J.D.
An hours-long delaying speech by House Republican Leader McCarthy was followed by a series of early-morning votes resulting in passage of the Build Back Better Act and its corporate and blockchain tax provisions along with its broader social programs...
NOTE TO SUBSCRIBERS
November 19, 2021
Securities Regulation Daily will not publish next week due to the Thanksgiving holiday. However, we will issue breaking news alerts on Monday and Tuesday if there are major developments. We will resume publication on Monday, November 29, with the ext...
ENFORCEMENT—SEC announces FY 2021 enforcement results
November 19, 2021
Joanne Cursinella, J.D.
The agency filed 697 total enforcement actions in fiscal year 2021. The Commission has announced that it filed a total of 697 enforcement actions in FY 2021, including 434 new enforcement actions representing a 7 percent increase over the prior year....
FRAUD AND MANIPULATION—Advisory company’s subsidiary pays $18M for mishandling nonpublic information
November 19, 2021
Jay Fishman, J.D.
The subsidiary did not have policies in place to address the risks posed by allowing the company’s active partners access to, and oversight of, nonpublic information pertaining to the subsidiary’s investment options for current/former partners and em...
EXECUTIVE COMPENSATION—ISS study sees “tipping point” in companies increasingly tying executive pay to ESG metrics
November 19, 2021
Lene Powell, J.D.
Social metrics predominate in compensation programs, but environmental metrics are growing fast. A new report by Institutional Shareholder Services (ISS) finds an accelerating upward trend in the number of U.S. companies using environmental and socia...
WORTH NOTING—Other litigation, regulatory activity and industry news
November 19, 2021
WK Editorial Staff
A weekly roundup of other items of interest to the securities, commodities, and corporate governance communities. SEC NEWS AND SPEECHES— The SEC appointed MIT finance professor Haoxiang Zhu as Director of the Division of Trading and Markets . Among o...