Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

Bloomberg is reporting the SEC is in a rift over clawback policies.  “The U.S. Securities and Exchange Commission is divided over when to seize pay from executives who unwittingly benefit from accounting fraud, a rift that has triggered internal disagreements over cases, according to people with direct knowledge of the matter.”  If true, it overshadows a rough rulemaking path from the SEC on the new clawback provisions under Dodd-Frank.