Deutsche Bank’s asset-management arm DWS Group agreed to a fine of 25 million euros, or $27 million to the Frankfurt Public Prosecutor’s office to settle allegations of greenwashing. The allegations were brought by Frankfurt prosecutors after its investigation into the firm’s environmental and social investing credentials. Greenwashing is when a Read More
Nasdaq proposed a change in its initial listing requirements for small companies that wish to conduct an initial public offerings. This change would effectively harden its listing standards, making it more difficult for smaller companies to list on the Nasdaq. According to the new rule, Nasdaq will require that companies Read More
The Securities and Exchange Commission announced, in a letter to the Eighth Circuit court, that it has voted to no longer defend rules requiring companies to disclose climate-related risks, greenhouse gas emissions, and their impact on business operations. The original rules requiring sch disclosure was adopted last year under the Read More
Securities and Exchange Commission Chair Mark Uyeda announced the implementation of a “blueprint” designed to slow the Commission’s rulemaking process while improving cost efficiency. Such a “blueprint” entails longer comment periods as well as the rejection and reduction of rules proposed under the leadership of former SEC chair, Gary Gensler. Read More
The Securities and Exchange Commission announced the withdrawal of a policy that granted the Director of Enforcement the authority to initiate new investigations and approve the issuance of subpoenas. The former policy was created in 2009, which essentially allowed the Director to legally permit the SEC staff to open an Read More
The Securities and Exchange Commission announced the rescission of guidelines, established during Gary Gensler’s tenure as Chair of the agency, that governed the exclusion of certain shareholder proposals from proxy statements, marking a shift that favors companies in shareholder proposal exclusions. The SEC announced its decision in a Staff Legal Read More
Securities and Exchange Commission Acting Chairman Mark Uyeda launched a “Crypto Task Force” dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets. The task force will dedicate itself to developing a “comprehensive and clear regulatory framework for crypto assets.” The task force’s focus will be to assist Read More
The Securities and Exchange Commission announced that it has approved a Nasdaq proposal to remove a rule that requires companies to disclose board diversity data. This announcement follows a ruling from the Fifth Circuit Court of Appeals in which the court found such disclosure requirements unlawful. Under the original board Read More
The Securities and Exchange Commission announced that it had filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement proceedings. The SEC filed a total of 75 enforcement actions in October 2024 alone. Those numbers represent Read More
A U.S. Court of Appeals court ruled that Nasdaq can no longer enforce its board diversity rules, vacating the Securities and Exchange Commission’s approval of a rule that requires disclosure of each board member’s racial, gender, and LGBTQ+ identification. The court found that the SEC went beyond the scope of Read More
