Multiple Issuers Based News Today

REGULATORY UPDATES SEC Leadership Changes On April 14, 2021, the U.S. Senate voted to approve President Biden’s nomination of Gary Gensler as Chairman of the Securities and Exchange Commission (the “SEC”) through June 5, 2021. The vote came after the Senate Banking Committee endorsed Gensler’s nomination in March 2021. The confirmation only approves Gensler to serve the remainder of former SEC Chairman Jay Clayton’s term, though the Senate Banking Committee has cleared Gensler to serv...

FEB 2021: SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity Posted on 02/27/2021 The U.S. Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity. The press release states, “Today’s order states that trading is being suspended because of questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain so...