Topic
Securities
6,666 published works
Cleary Securities, Disclosure, and Governance Watch
To Arbitrate or Not to Arbitrate: The SEC Now Allows Companies to Choose
On September 17, 2025, the Securities and Exchange Commission (the Commission) voted 3-1 to issue a policy statement clarifying that the presence of a mandatory arbitration provision for investor claims…
Password Protected
SEC Voluntarily Dismisses Landmark Enforcement Action Against SolarWinds and its CISO
By David Hirsch, Nathanael Williams
On November 20, 2025, the Securities and Exchange Commission and defendants SolarWinds Corp. and Timothy G. Brown filed a joint stipulation to dismiss with prejudice the SEC’s civil enforcement action…
The D&O Diary
Cornerstone Research: SEC Public Company Enforcement Actions Decline
In a recent post, I noted the significant downturn in the amount of SEC enforcement activity during the 2025 fiscal year (ended September 20, 2025). What was true FY 2025…
Dispute Resolution Blog
SEBI’s power to revisit penalty orders, including Nil penalties, under Section 15-I (3) of the SEBI Act, 1992
By Vasudha Goenka, Mayur Jaisingh
Summary: Section 15-I (3) of the SEBI Act, 1992, empowers SEBI to revisit and enhance penalties imposed by the adjudicating officer, including orders where no penalty is imposed, within a…
The Law and Other Anomalies
SEC Frees Public Companies to Reject Shareholder Proposals
[It has been two months since my last post; not that things of interest did not occur, but rather the pace of business, my publication of another book (my eleventh,…
Cleary Securities, Disclosure, and Governance Watch
SEC Announces Changes to Rule 14a-8 No-Action Letter Process
By Synne D. Chapman, Helena K. Grannis, J.T. Ho, Francesca L. Odell, Lillian Tsu, Shuangjun Wang, Nina E. Bell
The SEC's Division of Corporation Finance just announced that it will largely step back from the shareholder proposal no-action letter process for the current proxy season (October 1, 2025 –…
Fintechnically Speaking
Atkins’ ‘Token Taxonomy’ Turns SEC into a Crypto Tailwind
By Duane Morris
Mauro Wolfe, Lead Partner for Duane Morris’ Digital Assets and Blockchain Group, was quoted in the Bloomberg Law article “Atkins’ ‘Token Taxonomy’ Turns SEC Into a Crypto Tailwind.” Read the…
Banking, Finance and Securities
ESMA peer review on the supervision of depositary obligations
By Simon Lovegrove (UK), Nikolai de Koning
On 17 November 2025, the European Securities and Markets Authority (ESMA) issued a peer review report on the supervision of depositary obligations. Peer review The report sets out ESMA’s findings…
The CLS Blue Sky Blog
Chair Atkins Speaks on SEC’s Approach to Digital Assets
The Securities Law Blog
Deputy Director of Enforcement Antonia M. Apps to Conclude Her Tenure at the SEC
The Securities and Exchange Commission today announced that Antonia M. Apps, Deputy Director of the Division of Enforcement (Northeast), will conclude her tenure with the agency effective Dec. 1, 2025.…