New Regulation FD Case-Winks and Nods Still Count


The Securities and Exchange Commission today announced enforcement actions against Office Depot, Inc. and two executives for violating or causing violations of fair disclosure regulations when selectively conveying to analysts and institutional investors that the company would not meet analysts’ earnings estimates. Regulation FD requires that when issuers disclose material... Read More

Topics: Public Companies and Securities

Beware of Twitter


Companies, like athletes, show business types, and your teenage kids, have been flocking to twitter.  Be careful, says Michele N. Anderson, Chief of the Office of Mergers and Acquisitions of the SEC’s Corporation Finance Division.  The 140 character limit means there may be no room for required SEC legends, which... Read More

Topics: Banking, Broker-Dealer, Public Companies and Securities

SEC Chairman Speaks to NACD — Upcoming Rulemaking; Recent Proxy Rules


Yesterday, Mary L. Schapiro, Chairperson of the SEC, addressed the National Association of Corporate Directors. She reviewed several recent SEC proxy rules which pre-date Dodd-Frank and gave a timetable regarding future Dodd-Frank rulemaking. Ms. Schapiro called out in particular the new proxy rules requiring disclosure of the factors in a... Read More

Topics: Executive Compensation, Public Companies and Securities

CFTC Staff to Host Public Roundtable to Discuss Individual Customer Collateral Protection


Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on October 22, 2010, from 1:00 p.m. to 4:00 p.m., to discuss issues related to individual customer collateral protection. The roundtable will assist the CFTC in the rulemaking process to implement the Dodd-Frank Wall Street Reform and... Read More

Topics: Banking, Derivatives, Insurance, Public Companies and Securities