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  • SEC: Proposed Modernization Of Smaller Company Capital — Raising And Disclosure Requirements

    Date 23/05/2007

    The Securities and Exchange Commission today proposed a series of six measures to modernize and improve its capital raising and reporting requirements for smaller companies.

  • SEC Votes To Adopt Final Rules To Implement The Credit Rating Agency Reform Act Of 2006

    Date 23/05/2007

    The Securities and Exchange Commission today voted to adopt final rules to implement provisions of the Credit Rating Agency Reform Act of 2006 (Public Law No. 109-291), which was enacted on Sept. 29, 2006. The Credit Rating Agency Reform Act defines the term "nationally recognized statistical rating organization" (NRSRO), provides authority for the Commission to implement registration, recordkeeping, financial reporting, and oversight rules with respect to registered credit rating agencies, and

  • SEC Approves New Guidance For Compliance With Section 404 Of Sarbanes-Oxley

    Date 23/05/2007

    The Securities and Exchange Commission today unanimously approved interpretive guidance to help public companies strengthen their internal control over financial reporting while reducing unnecessary costs, particularly at smaller companies. The new guidance will enhance compliance under Section 404 of the Sarbanes-Oxley Act of 2002 by focusing company management on the internal controls that best protect against the risk of a material financial misstatement.

  • SIFMA Pleased With China’s Elimination Of Barriers On New Foreign Securities Firms

    Date 23/05/2007

    The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement after the conclusion of the US-China Strategic Economic Dialogue (SED) in Washington, D.C.

  • SEC Settles Charges Against Hewlett-Packard For Misleading Disclosures Arising Out Of Company’s Boardroom Leak Investigation

    Date 23/05/2007

    The Securities and Exchange Commission today filed settled administrative charges against Hewlett-Packard Company for failing to disclose the reasons for a director’s abrupt resignation in the midst of HP’s controversial investigation into boardroom leaks. The Commission found that several months before the public revelation of the company’s leak investigation, an HP director objected to the company’s handling of the matter and resigned from the Board, yet HP failed to disclose the reasons for h