A coalition of seventeen Republican-led states has filed an amicus brief in support of a challenge against the Nasdaq for a set of diversity rules for corporate boards of directors that were approved by the Securities and Exchanges Commission last August. The amicus includes a litany of alleged abuses, including violations of the equal protection…

A coalition of seventeen Republican-led states filed an amicus brief in support of a challenge against the Nasdaq for a set of diversity rules for corporate boards of directors that were approved by the Securities and Exchanges Commission last August. The amicus brief (pdf), which was filed by Arizona, Alabama, and other 15 red states…

The U.S. Securities and Exchange Commission (SEC) on Thursday finalized rules relating to the Holding Foreign Companies Accountable Act (HFCAA) which would allow it to delist foreign firms from American exchanges if they fail to observe U.S. accounting rules and comply with requests for information from regulators. The bipartisan legislation was signed into law by former President Donald Trump on Dec. 18, 2020,…

WASHINGTON—Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission (SEC) official said on July 26. Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched…