Regulation Archive

Sep 25, 2019
Senators introduce bill to extend whistleblower protection
A bipartisan group of senators this week introduced a bill designed to expand the scope of protection for whistleblowers who bring to light violations of US securities and commodities law. The bill would extend protection from retaliation to whistleblowers who opt to report wrongdoing internally before or instead of reporting directly to the SEC or Commodities Futures Trading Commission (CFTC...
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Sep 24, 2019
Groups reject revised 14a-8 no-action approach
Groups including Ceres and the Council of Institutional Investors have called for the SEC’s division of corporation finance to drop its recently revised approach to handling shareholder proposals that companies want to exclude from AGMs. The groups argue in a letter to division director William Hinman that the altered process ‘reduces transparency and ...
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Sep 23, 2019
IROs let off steam about Mifid II
IROs used a recent survey about Mifid II to let off some steam about the European regulation. Half of IR professionals say they have a negative view of the impact of Mifid II, while just 14 percent take a positive view, according to a new research report from IR Magazine. The research polled 79 IROs on their feelings about Mifid II and its impact on their IR programs. The sur...
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Sep 16, 2019
Mifid II report now available
The latest report from IR Magazine examines the impact that Mifid II regulation has had on investor relations since its introduction in January 2018. Based on interviews with 79 members of the IR Magazine research panel, data is broken down by region, cap size and overall impression of Mifid II. The report looks at how IROs view Mifid II in general and relates this to how it has affected aspects of IROs’ workload in particular. It also examines t...
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Aug 28, 2019
China to deepen capital market reforms
China is to roll out a number of measures to deepen and strengthen capital market reforms by following the best international practices, the China Securities Regulatory Commission (CSRC) said on Sunday. Under its plan, the authorities are to adopt the revised Securities Law by the end of this year and establish a system for security class action lawsuits with so-called Chinese characteristics – significantly raising the cost listed companies will face for engaging...
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Aug 27, 2019
SEC clarifies firmer regime for proxy advisory firms
In what has proven to be a divided decision, the SEC has clarified its approach to proxy advisory firms involving greater oversight of their approaches in recommending shareholder-voting advice.  A five-member commission voted 3-2 – with the Republican majority winning the day – to approve the rules, which clarify that proxy advisers are subject to anti-fraud rules on materially false or misleading statements. The commission issued an interpretation that...
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Aug 26, 2019
TherapeuticsMD settles Reg FD action
Boca Raton, Florida-based TherapeuticsMD has agreed to pay a $200,000 penalty to settle allegations it violated Regulation Fair Disclosure (Reg FD) by sharing material, non-public information with analysts without also publicly disclosing the same information. Specifically, the SEC alleges in its administrative proceeding that TherapeuticsMD made selective disclosures of material non-public infor...
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Aug 22, 2019
Chinese authorities boost Shenzhen as financial center
Investment opportunities in Shenzhen have the potential to rocket after Chinese authorities set out plans for Shenzhen to become a ‘model city’ meeting international standards as well as boost connectivity between Chinese and overseas financial markets. China’s State Council issued an official announcement that Shenzhen will form what it describes as a ‘pilot model area of socialism with Chinese characteristics’ aiming to make Shenzhen one of the world’s...
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Aug 16, 2019
Dark-pool trading grows to its highest level post-Mifid II
While equity trading in Europe fell in July, dark-pool trading volumes swelled to their highest level since Mifid II was introduced 19 months ago, according to analysis by research and consulting firm TABB Group. The research reveals that the total average daily trading volume for Europe’s equity markets during July declined 15 percent to €53 bn ($59 bn) while dark trading rose, accounting for 9.6 percent of all on-exchange activity. Such highs have not b...
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