The Securities and Exchange Commission has proposed new rules and required disclosures for initial public offerings through special purpose acquisition companies (SPACs). If adopted, the new rules would require additional reporting about SPAC sponsors, conflicts of interest, and sources of dilution. They also would require additional disclosures regarding business combinations Read More
The Securities and Exchange Commission is revisiting Dodd-Frank Act era rules that require companies to disclose more information about how their executive pay lines up with the company’s financial performance. This week the agency proposed new rules that is said would better reflect Congress’ intent to shed light on corporate Read More
Three pharmaceutical companies, Taro Pharmaceuticals USA, Sandoz, and Apotex, have agreed to pay a total of $447 million to resolve charges of price fixing and violating the False Claims Act, according to a statement by the U.S. Justice Department. The DoJ alleges that between 2013 and 2015, all three pharma Read More
Leveraging machine learning and advanced anomaly detection to address the overwhelming flood of digital communications data Since email first revolutionized the way professionals communicate with each other, the proliferation of faster and more sophisticated digital communication tools for powering business has only continued to expand. It’s well known that companies Read More
Amazon has announced that it will appeal a record European Union fine of $886.6 million, incurred for processing personal data in violation of EU General Data Protection Regulation (GDPR) rules. The Luxembourg National Commission for Data Protection (CNPD) handed down the fine in July in a decision that Amazon said Read More
Payoneer has agreed to pay a fine of $1.4 million to settle numerous violations of multiple sanctions programs. The Office of Foreign Assets Control announced late last week that the publicly traded online payments company was responsible for 2,260 apparent violations of the office’s sanctions program. OFAC is a Treasury Read More
As the European Union continues to bolster regulations related to climate change, member countries are responding by issuing new environmental, social, and governance (ESG) requirements that address human rights and environmental issues alike. In March, the EU issued a resolution on corporate due diligence and accountability that laid out its Read More
In just over two weeks as chair of the Federal Trade Commission, Lina Khan already appears to be making significant changes at the agency. As one of her first acts, Khan called for a FTC meeting on July 1 to consider and vote on several important changes to agency rules Read More
The Securities and Exchange Commission announced charges against the acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, and the SPAC’s proposed merger target Momentus Inc. for what it calls “misleading claims” about Momentus’s technology, as well as national security risks associated with Momentus’s founder and former CEO Mikhail Kokorich. Read More
A federal judge has granted permission to fintech startup Ripple Labs to question a former Securities and Exchange Commission official about the agency’s policy decisions as the company fights accusations of misleading investors about its cryptocurrency. The decision gives Ripple the ability to depose the former director of the SEC’s Read More
