The Securities and Exchange Commission today announced the start of the selection process to fill a seat on the Public Company Accounting Oversight Board (PCAOB) that will become vacant in October. The PCAOB appointment is for a five-year term from… Read the Full Press Release Have a securities law question? […]
Month: February 2023
SEC Division of Examinations Announces 2023 Priorities
The Securities and Exchange Commission’s Division of Examinations today announced its 2023 examination priorities. The Division publishes its examination priorities annually to provide insights into its risk-based approach, including the areas it… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
Jury Finds For Musk
A jury found that Musk was not liable for damages to Tesla investors for his “funding secured” tweet. It is important to keep in mind that this was an investor lawsuit, not an enforcement action by the SEC. V https://www.reuters.com/legal/securities-fraud-trial-over-elon-musks-2018-tweets-draws-close-2023-02-03/
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
Feb. 3, 2023 — The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining […]
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
Feb. 2, 2023 — The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs. “The Office of Credit Ratings is critical to […]
