Defendants traded on information from secret grand jury proceedings
Firm to pay US$15 million for failing to produce e-mail
Initiative includes aggressive enforcement, targeted examinations, and investor education and outreach programs
SOX exemption for small companies not the way to proceed
SEC, CSRC announce terms for enhanced dialogue
Reduction will save companies US$1 billion
In his congressional testimony today, US Securities and Exchange Commission chairman, Christopher Cox, talked about the initiatives and priorities underway at the SEC to improve financial disclosure for individual investors.Speaking before the U.S. Senate Committee On Banking, Housing, And Urban Affairs, Cox said, “Since making the transition from the halls of Congress to the SEC, […]
Advisory committee recommends proportional regulatory regime
Agrees to pay US$50 million
Cites “freedom of the press” as vital in gathering and reporting the SEC’s functions