Commissioner Uyeda spoke at the Securities and Exchange Commission’s 30th Annual Institute for Securities Market Growth and Development. Commissioner Uyeda focused on the need to root out bad actors and promote transparent...more
In her remarks yesterday at PLI’s SEC Speaks—after a detour to excoriate the SEC’s “maze of staff guidance” defining industry practices that has become effectively “mandatory” even in the absence of input from the full SEC...more
In remarks this week before PLI’s 55th Annual Institute on Securities Regulation, SEC Commissioner Mark Uyeda shared his views about the disclosure rulemaking process. He observed that, since becoming a commissioner 16 months...more
Some Republican House members are proposing a bill to “stabilize” the SEC, the SEC Stabilization Act (H.R. 4019). What do they mean by that? First and foremost would be removal of the current “tyrannical”—their word, not...more
Join BakerHostetler for our series of Fireside Chats about the latest developments impacting the capital markets and their participants, and the blockchain industry....more
The public/private company dichotomy has been a perennial discussion topic. A statistic frequently tossed around is that there are about half as many public companies today as there were in 1996, and those that are around...more
Speaking at a conference at Columbia University as part of the Columbia Law and Business Schools’ Program in the Law and Economics of Capital Markets, Securities and Exchange Commission Commissioner Uyeda shared his views...more
A couple of days ago, the SEC amended Reg S-T to extend the filing deadline for Form 144 from 5:30 p.m. to 10:00 p.m. Eastern Time. You may remember that, in June last year, the SEC adopted amendments to require electronic...more
On October 25, SEC Commissioner Mark Uyeda spoke at the Georgetown Law Hotel and Lodging Summit sharing his view on SEC-mandated climate change disclosures. While the Commissioner acknowledged the robust public response to...more
Last week, the two Republican Commissioners of the SEC availed themselves of the opportunity presented by the ability to comment on the Financial Accounting Foundation's Strategic Plan Draft for Public Comment to again voice...more
On Thursday, as reported by Thomson Reuters, the Senate unanimously confirmed Jaime E. Lizárraga and Mark Toshiro Uyeda to serve as SEC Commissioners. Lizárraga will fill the seat of departing Democratic Commissioner Allison...more
While the proposed requirement to disclose material Scope 3 greenhouse gas emissions seems to be one of the most contentious—if not the most contentious—element of the SEC’s climate disclosure proposal (see this PubCo post...more
In remarks on March 5, 2022 on PLI’s Corporate Governance webcast, Commissioner Allison Herren Lee of the Securities and Exchange Commission stated that, 20 years after its enactment, it is time to revisit the “unfulfilled...more
Nominees for SEC commissioner On April 6, President Joe Biden announced his intent to nominate Jaime Lizárraga to fill the seat to be vacated by SEC Commissioner Allison Herren Lee, and Mark Uyeda to fill the seat vacated by...more
REGULATORY UPDATES - Senate Confirms Jackson as Supreme Court Justice - The Senate has voted to confirm Judge Ketanji Brown Jackson as the 116th Supreme Court justice and the first Black woman and former public defender to...more
According to a statement from the White House, President Biden is planning to nominate two new SEC commissioners, Democrat Jaime Lizárraga to fill the seat of departing Commissioner Allison Herren Lee (see this PubCo post),...more
On March 4, 2022, U.S. Securities and Exchange Commissioner Allison Herren Lee, in remarks before the Practicing Law Institute, called on federal regulators to work to issue rules adopting standards of professional conduct...more
Securities and Exchange Commissioner (“SEC”) Allison Herren Lee, in remarks before the Practicing Law Institute, recently called on federal regulators to adopt standards of professional conduct for attorneys practicing before...more
SEC Commissioner Allison Herren Lee has announced her intention not to seek another term on the Commission when her current term ends in June. Here is Chair Gary Gensler’s statement on her departure....more
On March 15, 2022, SEC Commissioner Allison Herren Lee announced she will not seek a second term once her current term expires in June of this year. The departure of Commissioner Lee, a Democrat-appointee, follows the January...more
Elad Roisman will end his term as SEC Commissioner in January 2022, according to a statement he released this week. Roisman has served as Commissioner since September 2018 and also served as Acting Chairman in early 2020....more
Today, SEC Commissioner Elad Roisman informed President Biden that he intended to resign as commissioner by the end of January. A Republican appointee, he has served as a commissioner since 2018, and his term was not set to...more
On October 14, the Securities and Exchange Commission (SEC) released its report regarding the GameStop event of January 2021. The report does not fault the actions of any market participants. Instead, it outlines the U.S....more
On November 10, 2021, in prepared remarks before a meeting sponsored by the Institutional Limited Partners Association (ILPA), Securities and Exchange Commission (SEC) Chair Gary Gensler presented his views on the role and...more
In a virtual “fireside chat”—is that an oxymoron?—hosted by NYU law, SEC Chair Gary Gensler was interviewed by former SEC Commissioner and current NYU professor Robert Jackson. Much of the discussion involved topics that...more