Commentary by Steven Lofchie
The SEC charged a broker-dealer and five of its principals for failing to conduct proper due diligence prior to recommending an investment, and failing to act in customers' best interests when recommending investments to retirees and other retail investors.
Senate Republicans requested information on the SEC's proposed climate disclosure rule. The proposed rule would require publicly traded companies to include climate-related risk disclosures in financial documents and report global warming data.
SEC Commissioner Hester M. Peirce urged the SEC to structure a regulatory framework for crypto rather than relying on enforcement actions to create one.
The Chicago Mercantile Exchange proposed a plan for transitioning swaps referencing USD LIBOR.
The SEC issued a Request for Information and public comment on the activities of index providers, model portfolio providers and pricing services.