All Securities and Exchange Commission articles – Page 57
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Article
Legal, governance challenges persist for Tesla
Having finalized a settlement with the SEC, Tesla now faces new controversies as the Justice Department and disgruntled investors take aim at the company and its mercurial founder.
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Blog
SEC wants updated reporting for life insurance contracts
Firms offering variable annuities and variable life insurance contracts could soon face new disclosure requirements. Changes proposed by the SEC would permit the use of a summary prospectus to provide disclosures to investors.
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Blog
New SEC rules demand improved mining company disclosures
The SEC has adopted amendments to improve and modernize disclosures by mining companies. The changes are intended to provide investors with “a more comprehensive understanding of a registrant’s mining properties.”
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Blog
SEC rule adds new customer disclosures for brokers
The SEC has advanced new rules and amendments that that will require broker-dealers to disclose to investors “new and enhanced information about the way they handle investors’ orders.”
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Blog
SEC expands probe at GE after $22B impairment charge
The SEC has expanded its investigation into accounting issues at GE and is now looking into a $22 billion impairment charge, the company reported.
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Blog
Ex-KPMG leader pleads guilty in inspection leak case
A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.
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Blog
SEC warns companies to control phishing losses
The SEC has put companies on notice that their internal controls need to consider the risk of cyber-attack, especially e-mail “phishing” scams.
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Blog
SEC, PCAOB discipline ex-auditors at BDO, Deloitte
Two new enforcement actions give audit committees some textbook reminders to keep tabs on auditors regarding their compliance with professional standards.
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Blog
SEC releases new, four-year strategic plan
The SEC has released a new strategic plan that is intended to guide the agency’s work over the next four years “with a primary focus on investors, innovation, and performance.”
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Article
Revenue compliance questioned heading toward year-end
Whatever public companies have disclosed about revenue recognition so far, regulatory reaction after two quarterly filings would suggest they should plan to say more.
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Blog
SEC petition, Senate bill seek rules on ESG disclosures
Climate change activists are upping the pressure on public companies to disclose the risks they face due to a potential environmental catastrophe. Those efforts include an SEC petition for rulemaking and a new Senate bill.
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BlogMusk mocks SEC on Twitter
Within days of reaching a settlement with the Securities and Exchange Commission over what it says was “false and misleading” information delivered to investors via Twitter, Tesla founder Elon Musk is back online and taunting the regulator.
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Blog
Companies should revisit revenue compliance, SEC staff hint
SEC staff have signaled companies might want to take a second look at their revenue recognition compliance as they approach their first year-end filing under ASC 606.
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Article
Three compliance lessons from Elon Musk’s SEC deal
Elon Musk, Tesla, and the SEC have agreed upon a settlement to resolve potential securities fraud perpetrated by an August tweet. Important lessons and reminders for compliance officers rise to the surface of that document.
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Blog
Credit Suisse to pay SEC $10M for mishandling retail customer orders
Credit Suisse will pay $10 million to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services business’ handling of certain customer orders.
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Blog
SEC charges Stryker second time for FCPA violations
The SEC on Sept. 28 charged Stryker with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act, the second time the SEC has brought an FCPA action against the medical device company.
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Blog
SEC charges Voya Financial Advisors with deficient cyber-security procedures
In the SEC's first enforcement action for violations of the Identity Theft Red Flags Rule, Voya Financial Advisors has agreed to pay $1 million to settle charges for having deficient cyber-security policies and procedures concerning a cyber intrusion that compromised the personal information of thousands of customers.
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Blog
SEC’s Jackson criticizes stock exchanges, promises reforms
The time has come to reform America’s stock markets. That was the message from SEC Commissioner Robert Jackson during a speech this week at George Mason University, where he laid out potential changes.
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Blog
SEC will watch for SAB 74 disclosure leading to CECL
The SEC will be looking for increasingly detailed disclosures to investors about the expected effects of moving to a new method for recognizing credit losses.
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Blog
SeaWorld, CEO settle fraud charges with SEC for $5M
SeaWorld Entertainment and its former CEO have agreed to pay a total of more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business, the Securities and Exchange Commission announced.