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Aug 14, 2024 | 
mondaq.com | Jane Norberg
When the U.S. Department of Justice recently launched its first
whistleblower program, The Wall Street Journal looked to
Securities Enforcement & Litigation partner Jane Norberg, a
preeminent voice on whistleblower issues, for her insights on its
potential broad corporate impacts and how companies should
prepare.
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Jul 19, 2024 | 
mondaq.com | Robert Azarow |Jane Norberg |Kevin Toomey |Paul Nabhan
On June 24, 2024, Eric Gerding, Director of the Division of
Corporation Finance (the Division) of the U.S. Securities and
Exchange Commission (SEC), published a statement regarding certain areas of focus
within the Division's Disclosure Review Program. While Director
Gerding discussed areas applicable to all industries, his statement
put banking registrants on alert regarding disclosures of risks
related to their commercial real estate (CRE) exposure and the use
of artificial intelligence (AI).
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Jul 18, 2024 | 
arnoldporter.com | Robert Azarow |Jane Norberg |Kevin Toomey |Paul Nabhan
On June 24, 2024, Eric Gerding, Director of the Division of Corporation Finance (the Division) of the U.S. Securities and Exchange Commission (SEC), published a statement regarding certain areas of focus within the Division’s Disclosure Review Program. While Director Gerding discussed areas applicable to all industries, his statement put banking registrants on alert regarding disclosures of risks related to their commercial real estate (CRE) exposure and the use of artificial intelligence (AI).
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May 28, 2024 | 
arnoldporter.com | Veronica E. Callahan |Daniel M. Hawke |Jane Norberg |Kathleen Reilly
The annual ALI-CLE Accountants’ Liability Conference took place in Washington, D.C. from May 16-17, 2024. Veronica Callahan, partner and Chair of the Securities Enforcement and Litigation practice group at Arnold & Porter, co-hosted the conference with Junaid Zubairi, Chair of Vedder Price PC’s Government Investigations and White Collar Defense practice.
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May 7, 2024 | 
mondaq.com | Simon Firth |Daniel M. Hawke |Jane Norberg
The mission of the U.S. Securities and Exchange Commission (SEC)
is to protect investors, maintain fair orderly, and efficient
markets, and facilitate capital formation, and the SEC&'s
reach can be broader than just the U.S. markets. For years, the SEC
has had an increased focus on Environmental, Social and Governance
(ESG) issue, recognizing ESG is of increasing importance to
investors and market participants.
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Dec 20, 2023 | 
mondaq.com | Robert Azarow |Daniel M. Hawke |Jane Norberg |David Schwartz
The Securities and Exchange Commission (SEC) recently sued SolarWinds Corporation and its Chief
Information Security Officer (CISO), Timothy Brown, alleging their
efforts to conceal the company's poor cybersecurity practices
and downplay its software's vulnerabilities to cybersecurity
attacks defrauded SolarWinds investors and customers.
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Dec 13, 2023 | 
arnoldporter.com | Robert Azarow |Daniel M. Hawke |Jane Norberg |Jami Vibbert
The Securities and Exchange Commission (SEC) recently sued SolarWinds Corporation and its Chief Information Security Officer (CISO), Timothy Brown, alleging their efforts to conceal the company’s poor cybersecurity practices and downplay its software’s vulnerabilities to cybersecurity attacks defrauded SolarWinds investors and customers.
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Dec 4, 2023 | 
mondaq.com | Veronica E. Callahan |Ellen K. Fleishhacker |Daniel M. Hawke |Jane Norberg
On October 16, the Division of Examinations (the Division or
Exams) at the U.S. Securities and Exchange Commission (SEC) announced its 2024 examination priorities. The Division
released these priorities only eight months after releasing its 2023 examination priorities (see our previous
Advisory) to align with the start of the
SEC's fiscal year and to provide earlier insight to market
participants of the areas of focus for the coming year.
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Sep 7, 2023 | 
arnoldporter.com | Robert Azarow |Teresa Johnson |Jane Norberg |Sara Adler
During 2023, the U.S. Securities and Exchange Commission (the SEC) continued its trend from 2022, actively engaging in regulatory rulemaking, providing disclosure guidance, and undertaking enforcement actions related to public disclosures and disclosure controls. This Advisory provides a summary of the relevant SEC rules and guidance that we expect to have an impact on the upcoming annual reporting and proxy season for calendar year reporting companies.
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Aug 25, 2023 | 
mondaq.com | Robert Azarow |Daniel M. Hawke |Paul Nabhan |Jane Norberg
On August 15, 2023, the U.S. Securities and Exchange Commission
(the SEC) announced it had instituted settled cease-and-desist
proceedings against Malvern Bancorp, Inc. (Malvern) and its former
chief financial officer (CFO).
