Tag Archives: SEC

News Release: Latest Trump Executive Order Illegally Subverts Independence of Critical Agencies

The Trump White House unveiled a new executive order that illegally undermines the congressionally-mandated independence of federal agencies that have a statutory obligation to regulate impartially in order to protect the public. A fact sheet that accompanied the executive order singled out the Securities and Exchange Commission, which regulates the stock markets, the Federal Trade Commission, which enforces antitrust law and consumer protection statutes, and the Federal Election Commission, which oversees electoral ethics and political spending. 

News Release: Senate Must Reconfirm Caroline Crenshaw as SEC Commissioner

More than 40 organizations are urging the reconfirmation of Caroline Crenshaw for another term at the Securities and Exchange Commission. The presence of principled voices such as Crenshaw’s at the SEC is absolutely critical, especially when the incoming Trump administration has signaled its intent to break from the tradition of selecting candidates on a bipartisan basis.

Cryptocurrency

Blog: Crypto Kleptocracy and the Scammers Paradise

Cryptocurrency promises a high-tech opportunity to make buckets of money, but like most get-rich-quick schemes, rip-offs are ubiquitous. The crypto industry is rife with scams, hustles akin to stock swindles, cyberbreaches, and other crimes that can easily separate investors and consumers from their money.

News Release: Public Interest Groups Defend SEC’s Climate Risk Disclosure Rule

Today, a coalition of public interest organizations filed an amicus brief in the U.S. Court of Appeals for the Eight Circuit defending the Securities and Exchange Commission (SEC) against challenges to its final rule requiring public companies to disclose climate-related risks to their businesses and plans to manage or mitigate them. The SEC rule aligns with the growing consensus among investors and financial regulators in the U.S. and around the world that climate change poses significant risks to financial systems, and that securities regulators have an important role to play in mitigating those risks.

News Release: Crypto Industry Pressure Fails to Secure Veto Override on Harmful Deregulatory Resolution

The cryptocurrency industry’s lobbying efforts and hundreds of millions in campaign spending failed to generate enough congressional support to override President Biden’s veto of the Republican House’s effort to roll back Securities and Exchange Commission guidance designed to reduce the risks crypto assets can pose to investors and the market. Consumer protection advocates welcomed the vote as a good outcome for investor protection.