Tag: rulemaking petition

Biotech files rulemaking petition for pilot program mandating public disclosure of short-sale positions

A rulemaking petition has been submitted to the SEC by a biopharmaceutical company that is “developing and marketing regenerative and therapeutic biologics.” The petition requests that the SEC promulgate rules to establish a pilot program that would mandate “periodic public disclosure of short-sale positions in securities of biopharmaceutical companies by investment advisers.” Will the SEC take action on the request in the petition? 

Deregulation? What deregulation? Two (persistent) campaigns for enhanced disclosure requirements

Notwithstanding the deregulatory emphasis of the current administration, two campaigns are currently being waged to convince the SEC to adopt new regulations mandating more disclosure—one related to human capital management and the other related to a frequent target, corporate political spending. Are these just pipe dreams? Is it time for a reality check? Or might there be some basis for believing that this SEC might act on these requests?

CPA-Zicklin Index for 2016 shows companies increase disclosure, oversight and restrictions regarding corporate political spending

by Cydney Posner In light of our proximity to election day — finally — it seemed like a good time to take a look at the CPA-Zicklin Index of Political Disclosure and Accountability, just released for 2016, which annually evaluates corporate practices and disclosure regarding political spending.  In a record-breaking year […]

Court dismisses case to compel SEC to act on rulemaking petition for corporate political spending disclosure

by Cydney Posner As noted in Law360,  a DC District Court has granted the SEC’s motion to dismiss a complaint filed to compel the SEC to act on a rulemaking petition regarding corporate political spending disclosure.  Of course, as discussed in this PubCo post, a provision prohibiting the SEC from […]

Senate Dems ask SEC Chair to act on petition for political spending disclosure

by Cydney Posner With election season upon us  — after all, the election is only, well, a year and two months away – it’s time to renew the controversy over political spending disclosure.  As you may recall, in 2011, a rulemaking petition was filed with the SEC  by a committee of […]

Former SEC Chairs and Commissioners to Chair Mary Jo White: failure to mandate political spending disclosure is “inexplicable”

by Cydney Posner Today, two former SEC Chairs and one former Commissioner delivered  a letter  to SEC Chair Mary Jo White politely berating (well, maybe not so politely) her failure to take action on the 2011 rulemaking petition to require disclosure of the use of corporate resources for political activities.