SEC Commissioner Caroline A. Crenshaw encouraged filers, staff members and the XBRL US member organization to take steps to improve XBRL data quality.
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22383 News Results
In an Advisory on " High-Risk Investments and Interactions," the U.S. Departments of State, Treasury and Commerce highlighted legal, reputational and economic risks for U.S. businesses and financial institutions with operations, client relationships or supply chains that extend into Cambodia.
President Joseph R. Biden extended by one year Executive Orders prohibiting U.S. persons and financial institutions from transacting in the securities of Chinese companies identified as supporting the military, intelligence and security services of the People’s Republic of China .
SEC Commissioner Allison Herren Lee addressed questions on the scope and application of Regulation Best Interest, speaking to (i) what constitutes a “recommendation” under Reg BI, and (ii) firms’ conflicts of interest in light of developments in the securities markets.
The SEC amended its rule under the Advisers Act that permits advisers to charge performance-based compensation to “qualified clients.” The amendments are intended to "streamline" the process for adjusting the assets-under-management and net worth tests for inflation.