Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Securities Law

GAO Reports – Air Traffic Control, Financial Audits of Federal Reserve, CFPB, FHFA, SEC, Preventing llicit Drug Use

  • Air Traffic Control: Experts’ and Stakeholders’ Views on Key Issues to Consider in a Potential Restructuring, GAO-17-131: Published: Oct 13, 2016. Publicly Released: Nov 15, 2016.
  • Corporate Shareholder Meetings: Proxy Advisory Firms’ Role in Voting and Corporate Governance Practices, GAO-17-47: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
  • Federal Reserve: Additional Actions Could Help Ensure the Achievement of Stress Test Goals, GAO-17-48: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
  • Financial Audit: Bureau of Consumer Financial Protection’s Fiscal Years 2016 and 2015 Financial Statements, GAO-17-138R: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
  • Financial Audit: Federal Housing Finance Agency’s Fiscal Years 2016 and 2015 Financial Statements, GAO-17-139R: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
  • Financial Audit: Securities and Exchange Commission’s Fiscal Years 2016 and 2015 Financial Statements, GAO-17-158R: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.
  • Highlights of a Forum: Preventing Illicit Drug Use, GAO-17-146SP: Published: Nov 14, 2016. Publicly Released: Nov 15, 2016.
  • Workforce Innovation and Opportunity Act: Selected States’ Planning Approaches for Serving Job Seekers and Employers, GAO-17-31: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016.

GAO Reports – Patriot Modernization, SEC Conflict Minerals Rule

Patriot Modernization: Oversight Mechanism Needed to Track Progress and Provide Accountability, GAO-16-488: Published: Aug 25, 2016. Publicly Released: Aug 25, 2016. SEC Conflict Minerals Rule: Companies Face Continuing Challenges in Determining Whether Their Conflict Minerals Benefit Armed Groups, GAO-16-805: Published: Aug 25, 2016. Publicly Released: Aug 25, 2016. Continue Reading

GAO Reports – Army Patriot Modernization, SEC Conflict Minerals Rule

Patriot Modernization: Oversight Mechanism Needed to Track Progress and Provide Accountability, GAO-16-488: Published: Aug 25, 2016. Publicly Released: Aug 25, 2016: “While the currently fielded version of the Army’s Patriot surface-to-air missile system is an improvement over prior versions, the Army currently plans to spend about $2.9 billion between fiscal years 2013 and 2021 on… Continue Reading

GAO Reports – Defense Health Care, Indian Health Service, SEC InfoSec, Missile Defense, Public Transit, Veterans Justice, F-35 Joint Strike Fighter

Defense Health Care: DOD Is Meeting Most Mental Health Care Access Standards, but It Needs a Standard for Follow-up Appointments, GAO-16-416: Published: Apr 28, 2016. Publicly Released: Apr 28, 2016. Indian Health Service: Actions Needed to Improve Oversight of Patient Wait Times, GAO-16-333: Published: Mar 29, 2016. Publicly Released: Apr 28, 2016. Information Security: Opportunities… Continue Reading

High Frequency Trading: Overview of Recent Developments

CRS report via FAS – High Frequency Trading: Overview of Recent Developments, Rena S. Miller, Specialist in Financial Economics; Gary Shorter, Specialist in Financial Economics, April 4, 2016. “High-frequency trading(HFT) generally refers to trading in financial instruments, such as securities and derivatives, transacted through supercomputers executing trades within microseconds or milliseconds (or, in the technical… Continue Reading

The Flash Crash: A New Deconstruction

Aldrich, Eric M. and Grundfest, Joseph and Laughlin, Gregory, The Flash Crash: A New Deconstruction (January 25, 2016). Available at SSRN: http://ssrn.com/abstract=2721922 or http://dx.doi.org/10.2139/ssrn.2721922 “On May 6, 2010, in the span of a mere four and half minutes, the Dow Jones Industrial Average lost approximately 1,000 points. In the following fifteen minutes it recovered essentially… Continue Reading

U.S. Uncleared Swap Margin, Capital and Segregation Rules

Presentation by Davis Polk & Wardwell LLC – snipped – Introduction – U.S. prudential regulators (the OCC , Federal Reserve, FDIC, FCA and FHFA) and the CFTC have finalized uncleared swap margin , capital and segregation requirements (the “PR rules,” and “ CFTC rules,” respectively, and the “final rules,” collectively [note – The CFTC has… Continue Reading

ABA Journal – Will those who led the financial system into crisis ever face charges?

Terry Carter’s long read also appears in the February 1, 2016 issue of the ABA Journal – “…Last September, the department in effect admitted that it had been wrong all along when it announced a new policy prioritizing prosecution of individuals in corporations who might have engaged in criminal acts, and requiring the companies to… Continue Reading

SEC publishes 2016 priorities for Office of Compliance Inspections and Examinations

“This document identifies selected 2016 examination priorities of the Office of Compliance Inspections and Examinations (“OCIE,” “we,” or “our”) of the Securities and Exchange Commission (“SEC” or “Commission”). In general, th priorities reflect certain practices and products that OCIE perceives to present potentially heightened risk to investors and/or the integrity of the U.S. capital markets.… Continue Reading

SEC Issues Annual Staff Reports on Credit Rating Agencies

“The Securities and Exchange Commission issued its two annual staff reports [December 28, 2015] on credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs).  The reports show that NRSROs have made operational improvements and have enhanced process accountability, controls and governance, and that smaller NRSROs have made competitive inroads in certain rating categories…The… Continue Reading

Paper – SEC Enforcement Actions Against Broker-Dealers

Posted by Jon Eisenberg, K&L Gates LLP, December 26, 2015 – Harvard Law School Forum on Corporate Governance and Financial Regulation: “In its 2015 Financial Report, the SEC repeated its view that one of the two principal purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934 is to ensure that… Continue Reading

Corporate Governance Study 2015

“Over the past decade, the stability of the corporate world has been tested by accounting scandals and the 2008 financial crisis, among other things. These events eroded relations between boards and shareholders, and stressed the need for high corporate governance standards to restore trust. Among shareholders today, corporate governance is considered an integral part of… Continue Reading