A Michigan-based manufacturer settled SEC charges for material misstatements in financial reports caused by a failure to estimate "incurred but not reported" liability for future asbestos claims.

The SEC provided certain limited exemptive relief from the “locate” and "close-out" requirements under its short sale regulations. The relief was provided because of COVID-19 related intermittent suspension of physical securities processing by the Depository Trust Company.

The SEC adopted amendments to revise the description of business, legal proceedings and risk factor disclosures that registrants are required to make under the Securities Act.

The SEC adopted amendments to the definitions of "accredited investor" and "qualified institutional buyer" under regulations on private placement exemptions and private resales of securities to institutions. The amendments are intended to increase accessibility to private capital markets.

The SEC approved the registration statement of INX Solutions Limited, a Gibraltar company that intends to go into the business of providing markets for the trading of digital assets.