Live Breaking News & Updates on நொடி அமலாக்கம்

Stay informed with the latest breaking news from நொடி அமலாக்கம் on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in நொடி அமலாக்கம் and stay connected to the pulse of your community

SEC Task force on ESG Accountability

Thursday, March 11, 2021
Last week, the U.S. Securities and Exchange Commission (SEC) announced the creation of a new 22-person Climate and Environmental, Social, and Governance (ESG) Task Force in its Division of Enforcement, a notable development in a series of recent steps taken by the Biden administration focused on increasing ESG accountability.
The task force will use sophisticated data analytics to mine information across registrants and proactively identify potential ESG-related misconduct, including material gaps and misstatements in companies’ required disclosure of climate risks under existing rules and guidance. The task force will also analyze disclosure and compliance issues relating to ESG investment strategies. Finally, the task force will investigate whistleblower complaints as well as evaluate and pursue tips on ESG-related issues.

United-states , Paris , France-general , France , Satyam-khanna , Allison-herren-lee , Us-department-of-labor-final-rule , Exchange-commission , Division-of-corporation , Division-of-examinations , Division-of-enforcement , Task-force

SEC suspends ex-KPMG auditors over audits of nonprofit College of New Rochelle

The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.

New-york , United-states , College-of-new-rochelle , Chicago , Illinois , Christopher-stanley , Keith-borge , Matthew-jacques , Jennifer-stewart , Allison-herren-lee , Exchange-commission , Enforcement-division

SEC charges auditors in College of New Rochelle debacle

The case is significant because so many municipal market participants rely on audited financial statements.

New-york , United-states , College-of-new-rochelle , Phil-stern , Christopher-stanley , Ballard-spahr , Keith-borge , Jennifer-stewart , Kathleen-marcus , Rebecca-lawrence , Exchange-commission , Gerber-eisenberg

Ex-MassMutual rep Isaiah L. Goodman charged with mail fraud

The 33-year-old advisor allegedly spent clients’ money on luxury items and business expenses for his startup.

Minnesota , United-states , Minneapolis , Isaiahl-goodman , Fredrikson-byron , Joe-dixon , Tiffany-co , Google , Department-of-justice , Investors-services , Royal-caribbean , Financial-advisory-services

Luckin Coffee files for bankruptcy after accounting scandal

Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked.

New-york , United-states , China , Shanghai , Cayman-islands , Chinese , American , Qilai-shen-bloomberg , Jason-yu , Kirkland-ellis , Us-congress , Luckin-coffee-inc

Biden's SEC Enforcement What Should Private Fund Managers Expect?

Wednesday, January 20, 2021
As President Biden continues to assemble his economic team, reports have emerged that President Biden will nominate Gary Gensler as the next Chair of the SEC. The nomination of Mr. Gensler would clearly signal a more assertive SEC when it comes to both regulation and enforcement. And while it is too early to predict exactly what that will look like, one thing is virtually certain — the SEC will likely adopt a more aggressive approach towards private funds and their managers, resulting in a marked increase in the number of enforcement actions.
In the Short-term
Until Mr. Gensler (or someone else) is confirmed as Chair, we expect that the SEC’s Enforcement program will remain largely unchanged. Pending confirmation of the next Chair, President Biden will likely appoint one of the Democratic Commissioners as acting Chair. It could be several months before Mr. Gensler is confirmed to be the next Chair – Chairman Clayton was nominated on January 20, 2017, but was not confirmed until almost four months later. Moreover, Acting Enforcement Director Marc Berger recently announced that he intends to leave the SEC by the end of the month, and no announcement has been made regarding his successor.

Stephanie-avakian , Mary-jo-white , Gary-gensler , Marc-berger , President-biden , Democratic-commissioners , Chairman-clayton , Acting-enforcement-director-marc-berger , Republican-commissioners , While-chairman-clayton , Wall-street

Biden's Wall Street watchdogs signal new era of tough oversight

President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau — moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.

China , United-states , Massachusetts-institute-of-technology , Massachusetts , Chinese , America , American , Donald-trump , Edwin-groshans , Elizabeth-warren , Alex-edelman-bloomberg , Joe-biden

From Goldman to SEC: Gensler's Next Stop Worries Wall Street

“The sheriff is coming to the preeminent financial regulator in the world,” said Justin Slaughter, a consultant at Mercury Strategies who previously worked at the CFTC. “It means regulation and enforcement are about to get much tougher.”

Capitol-hill , District-of-columbia , United-states , China , Ohio , Washington , Vermont , American , Graham-steele , Barack-obama , Sherrod-brown , Tyler-gellasch

Whistleblowing soars to record with employees working from home

The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before.

United-states , Washington , Americans , American , Stephanie-avakian , Bernard-madoff-ponzi , Adam-waytz , Joseph-grundfest , Labaton-sucharow , Zach-gibson-bloomberg , Harry-markopolos , Tom-schoenberg

Experienced regulator Gary Gensler tapped as SEC chair

His experience as an active regulator as head of the Commodities Futures Trading Commission may transfer to his new post.

Stephanie-avakian , Chuck-samuels , Barack-obama , Marc-berger , Joe-biden , Rebecca-lawrence , Ballard-spahr , Peter-chan , Gary-gensler , Exchange-commission , Commodities-futures-trading-commission , National-association-of-health