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New SEC Chair Gary Gensler Could Push For SPAC Regulation
Wednesday, January 20, 2021 - 3:26pm | 383Read More...The new SEC Chairman has already mentioned SPACs as part of his approach to regulating investments. What Happened: New SEC Chairman Gary Gensler said his enforcement agenda will include heightened scrutiny of SPACs, fintech and cryptocurrency, according to Fox Business. Experts say Gensler is...
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Gary Gensler Could Be The Next SEC Chair: What Investors Need To Know
Wednesday, January 13, 2021 - 3:36pm | 359Read More...A new U.S. presidential administration means a new head of the major financial market regulatory body. What Happened: On Tuesday, Reuters reported that President-elect Joe Biden plans to appoint former Commodity Futures Trading Commission (CFTC) Chair Gary Gensler to replace Jay Clayton as...
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SPAC Stocks Fall After SEC Chairman Pushes For Additional Disclosures
Thursday, September 24, 2020 - 11:18am | 622Read More...Special purpose acquisition companies, or SPACs, have been one of the hottest ways for companies to go public and raise money in 2020. This year has seen $42 billion raised from SPACs, more than the last five years combined. What Happened: SEC Chairman Jay Clayton was interviewed on CNBC...
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SEC Considers Letting Startups Raise More Money Before Registering
Thursday, March 5, 2020 - 2:08am | 342Read More...The United States Securities and Exchange Commission on Wednesday proposed to change the regulatory framework to let startups raise more capital without needing to register with the federal agency. Increase Crowdfunding Limited The SEC voted 3-1 to pass the proposal that would increase the limit...
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SEC Chairman Tells Congress He's 'Optimistic' About Blockchain Opportunity
Wednesday, December 11, 2019 - 1:10pm | 499Read More...Securities and Exchange Commission Chairman Jay Clayton testified Tuesday before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. SEC Optimistic On Blockchain A lot of the concerns raised by Congress members during the hearing related to the agency’s regulation of...
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SEC Chairman Jay Clayton: Cryptocurrencies Are Not Securities
Wednesday, June 6, 2018 - 1:49pm | 511Read More...It’s been a tough year so far for cryptocurrency investors, and much of the pressure on the markets has come from fears of increasing government regulation. U.S. Securities and Exchange Commission Chairman Jay Clayton spoke to CNBC on Wednesday about cryptocurrencies as investments and...
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The SEC's 'Tick Size' Program Likely To End: Here's Why That's A Good Thing
Sunday, April 15, 2018 - 4:06pm | 574Read More...After more than a year of testing, the Securities and Exchange Commission has pulled the plug on a controversial pilot program aimed at improving liquidity among thinly traded small-cap stocks. Data from the "tick size" pilot program indicates that it hasn't produced the intended...
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There's A New Sheriff At The SEC: What's It Mean For The Fiduciary Standard?
Thursday, June 8, 2017 - 12:39pm | 447Read More...The first stage of an important new rule for anyone who uses a financial advisor will officially roll out on Friday. The Department of Labor is moving forward with the first stage of the new fiduciary rule, a federal regulation requiring financial advisors to act in the best interest of their...
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SEC Member Questioning Unequal Voting Rights At Snap
Tuesday, March 14, 2017 - 7:18am | 420Read More...After its $24 billion IPO, Snap Inc (NYSE: SNAP) now faces questions over unequal voting rights from a member of U.S. Securities and Exchange Commission, according to a recent Reuters report. In a unique move last week, the parent of social media app Snapchat sold $3.4 billion of shares to outside...
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Who Is Jay Clayton?
Wednesday, January 4, 2017 - 1:11pm | 418Read More...Walter "Jay" Clayton is a name many investors aren't familiar with, but this will change very quickly. The Wall Street attorney has been tapped by President-elect Donald Trump to lead the U.S. Securities and Exchange Commission. Financial Experience As noted by Reuters, Clayton is a partner at the...
