The Scope of the Investigation Federal authorities unsealed a sweeping indictment on May 6, charging 30 individuals across the globe for their alleged participation in a decade-long insider trading scheme that compromised confidential data from elite U.S. law firms. The U.S. Department of Justice and the Securities and Exchange Commission (SEC) allege that the defendants,…
SEC Proposes Shift to Semiannual Reporting for Public Companies The U.S. Securities and Exchange Commission (SEC) announced a proposal on May 5 that would permit public companies to transition from mandatory quarterly financial reporting to a semiannual schedule. Under the new framework, firms could opt to file a semiannual report on the proposed Form 10-S,…
The U.S. Securities and Exchange Commission (SEC) released an amended proposal on Tuesday that would allow publicly traded companies to transition from mandatory quarterly financial reporting to an optional semiannual schedule. Under the proposed rules, firms electing this path would submit a new document, Form 10-S, in place of the traditional Form 10-Q, granting corporations…
