SEC - Entries from January 2023

Tuesday, January 31. 2023

SEC Proposes Revisions to Ethics Rules Regulating Securities Trading by Employees, Solicits Feedback

On January 30th, the SEC, in conjunction with the Office of Government Ethics, proposed amendments to the SEC’s ethics rules to enhance, revise and improve the overall efficacy of the agency’s ethics compliance program. More specifically, the proposed amendments would add new requirements and prohibitions to the existing program, which includes particularly strict ethics requirements within the executive branch for all SEC employees and their immediate families. Continue reading "SEC Proposes Revisions to Ethics Rules..." »

Posted by

LeAnn Dey

in Investor Education, SEC at 07:00

Friday, January 27. 2023

SEC Revises and Re-proposes Rule to Prohibit Conflicts of Interest in Certain Securitizations

On January 25th, the SEC announced that it is updating and re-proposing rules initially proposed in 2011 that would prohibit conflicts of interest in certain securitization transactions, as required by Congress. The Dodd-Frank Wall Street Reform and Consumer Protection Act added new Section 27B to the Securities Act to reintroduce and clarify the original proposed rules and to require the SEC to issue rules to implement the prohibition and related exceptions. Continue reading "SEC Revises and Re-proposes Rule to Prohibit..." »

Posted by

LeAnn Dey

in SEC at 14:20

Monday, January 23. 2023

SEC Issues Fee Rate Advisory #2 for Fiscal Year 2023

On January 23rd, the SEC announced that it has established new fee rates in accordance with Section 31 of the Securities Exchange Act of 1934. The fee rates that apply to most securities transactions will be set at $8.00 per million dollars and will go into effect on February 27th. The rate each self-regulatory organization is required to pay the SEC will remain $22.90 per million dollars for covered sales occurring on charge dates through February 26th. For more information on the charge date, refer to Rule 31(a)(3) and Exchange Act Release No. 49928 on the SEC’s website. Continue reading "SEC Issues Fee Rate Advisory #2 for Fiscal Year..." »

Posted by

LeAnn Dey

in Investment Management, SEC at 15:13

Friday, January 20. 2023

SEC’s Small Business Advocate to Hold Annual Capital Call

The SEC’s Office of the Advocate for Small Business Capital Formation will host its annual Capital Call on Tuesday, January 24, 2023, beginning at 1:00 p.m. EST. The event is free, open to the public, but registration is required to join the discussion and ask questions live during the webcast. Those planning to attend may also submit questions in advance via email to smallbusiness@sec.gov. Continue reading "SEC’s Small Business Advocate to Hold Annual..." »

Posted by

LeAnn Dey

in Events, SEC at 09:20

Thursday, January 19. 2023

SEC Staff to Hold Open Meeting to Discuss Prohibition Against Conflicts of Interest in Certain Securitizations

The SEC’s Division of Corporation Finance will hold a meeting via webcast to consider whether to propose a new rule to implement Section 27B of the Securities Act of 1933, as added by Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The meeting is free, open for the public to attend, and will take place on Wednesday, January 25, 2023, at 10:00 a.m. ET. The meeting will be webcast on the SEC’s website at sec.gov. Continue reading "SEC Staff to Hold Open Meeting to Discuss..." »

Posted by

LeAnn Dey

in Events, SEC at 11:08

Tuesday, January 17. 2023

SEC Releases Annual Report on Website Modernization

In December 2022, the SEC released its annual report on existing SEC websites or digital services under Section 3(d) of the 21st Century Integrated Digital Experience Act of 2018. The report suggests that EDGAR Next program may be delayed. Continue reading "SEC Releases Annual Report on Website..." »

Posted by

LeAnn Dey

in EDGAR News, SEC at 15:01

Friday, January 13. 2023

Birthday of Martin Luther King, Jr.

The SEC will be closed Monday, January 16th in observance of Martin Luther King, Jr.’s birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of January 16th will be due the following business day, Tuesday, January 17th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on January 16th. Continue reading "Birthday of Martin Luther King, Jr." »

Posted by

LeAnn Dey

in FERC, Novaworks News, SEC at 15:25

XBRL US to Discuss Solutions to Common Issues in XBRL Preparation

XBRL US will be hosting a webinar to help corporate issuers who are faced with many choices working with the XBRL US GAAP Taxonomy when submitting financials to the SEC. The one-hour webinar will take place on Tuesday, February 7, 2023, and will begin at 3:00 p.m. ET. The event is free and open to the public, but registration is required. Continue reading "XBRL US to Discuss Solutions to Common Issues..." »

Posted by

LeAnn Dey

in Events, SEC Filing Help, US GAAP Taxonomy, XBRL at 09:01