SEC to Review Disclosure Rules in Wake of Archegos, GameStop: Report

Link: https://www.fundfire.com/c/3147224/396504/review_disclosure_rules_wake_archegos_gamestop_report

Excerpt:

The Securities and Exchange Commission is considering a tightening of disclosure requirements for investment firms following the collapse of Archegos Capital Management and the GameStop trading frenzy, people familiar with the matter tell Bloomberg.

Officials at the SEC, now being led by Gary Gensler, who was confirmed as chairman of the regulator last week, want to increase transparency of the derivative trading that led to the implosion of Archegos, Bill Hwang’s family office, the people say.

Lawmakers have also heaped pressure on the agency as they seek more transparency about who is shorting stocks following the GameStop debacle.

Author(s): Kathleen Laverty

Publication Date: 22 April 2021

Publication Site: fundFire

Exposing Corporate Climate Denial

Link: https://www.dailyposter.com/p/exposing-corporate-climate-denial

Excerpt:

Meanwhile, investor efforts to require political spending disclosures at individual companies were halted on many occasions by large asset managers like BlackRock and Vanguard, which have regularly used their immense shareholder voting power to shield companies from transparency.

Now with a new SEC chairman, transparency advocates see an opportunity for progress. 

“People want to know who companies are bankrolling,” said U.S. Rep. Andy Levin (D-Mich.). H.R. 1, the democracy reform package passed by House Democrats earlier this month, includes a bill from Levin to repeal the Republican measure blocking the SEC from requiring companies to disclose their political spending. 

Author(s): Julia Rock

Publication Date: 10 March 2021

Publication Site: Daily Poster