Here is our lengthy Client Update on the SEC’s new climate disclosure rules. It includes some great graphics so you can understand the rules at a glance. Check it out!
Securities
The SEC Brings Another Enforcement Action On Related Party Transaction Disclosures
On March 7, 2024, the Securities and Exchange Commission (the “SEC”) announced that Skechers U.S.A. Inc. (“Skechers”) agreed to a cease-and-desist order for failing to disclose payments for the benefit of its executives and their immediate family members.
The SEC…
This Week In Securities Litigation (Week of March 18, 2024)
The Commission filed two new enforcement actions last week. One centered on a Ponzi scheme and involved 17 defendants. A second focused on an insider trading scheme. In addition, a default judgment was taken against former Coinbase manger Ishan Wahi,…
SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence
The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI).…
Have…
The Bounds of Statutory Authority and the Slippery Slope
In recent remarks, Commissioner Uyeda addressing the Council of Institutional Investors outlined his concerns regarding several SEC rulemakings. The members of the Council of Institutional Investors are responsible for combined assets under management of nearly $5 trillion and include state…
Yep, the SEC’s Climate Rules Are Already (Temporarily) Stayed
On Friday, a three judge panel from the U.S. Court of Appeals for the Fifth Circuit granted a motion seeking an administrative stay of the SEC’s new climate disclosure rules filed by two fracking companies. Here are four things to…
Thinking Of The FCPA And FEPA In Reverse
A public official corruptly demanded, sought, received, and accepted something of value from a company in return for being influenced in the performance of an official act – specifically agreeing to help influence the award of a contract to a…
Upcoming DOJ Whistleblower Program – How Will This Work?
MB Microtalk: The SEC’S Climate-Change Disclosure Rules: Gap Analyses, Disclosure Controls and ICFR Considerations
In this MB microtalk video, Mayer Brown’s Jen Carlson discusses practical considerations for companies implementing the SEC’s new climate-change disclosure rules, such as conducting gap analyses, reviewing disclosure controls and ICFR considerations.
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SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community
The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other…