Articles by Andrea Shalal and Katanga Johnson

Biden Orders Government to Study Digital Dollar, Other Cryptocurrency Risks

U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said. Bitcoin surged on the …

Wall Street Regulator to Propose Climate Risk Rule As Early As March 16, Say Sources

The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as Wednesday, March 16, said two people familiar with the agency’s planning. One of the people, who spoke anonymously about private agency plans, …

SEC Chairman Says Tougher Rules for SPACs Under Consideration

The U.S. Securities and Exchange Commission’s chairman said on Thursday the regulator is considering toughening rules around how underwriters, boards of directors and sponsors of Special Purpose Acquisition Companies (SPAC) structure fees, issue projections and disclose conflicts. SEC chief Gary …

SEC Makes It Easier for Shareholders to Get Votes on Social Issue Proposals

The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings. The new bulletins …

SEC Eyes Rules for Financial Firms’ Digital Engagement Practices: Reuters

The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new ones, commission chair Gary Gensler told Reuters. While the SEC’s …

SEC Working to Require Corporate America to Disclose Workforce Data

The U.S. Securities and Exchange Commission (SEC) is headed for a scuffle with corporate America over how much information public companies must disclose about their most important asset: employees. Urged on by progressive Democrats, unions and investors, the regulator is …

SEC Looking Into New Climate, Workforce Diversity Disclosure Rules

The U.S. Securities and Exchange Commission (SEC) may require public companies to publish data on a whole range of new areas, including greenhouse gas emissions, workforce turnover and diversity, as its new chairman looks to enhance the SEC’s disclosure regime. …

SEC Looking Into Whether Firms Failed to Disclose Effects of SolarWinds Cyber Breach

The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented hack, two persons familiar with the investigation …

Investors Ask SEC for More ESG Disclosures as Companies Resist: Analysis

Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator …

SEC Plans New Workforce Data Disclosure Rule

The U.S. Securities and Exchange Commission (SEC) plans to propose a rule requiring that public companies disclose a range of workforce data as the agency steps up environmental, social and governance (ESG) disclosures, its new chair, Gary Gensler, said on …