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Corporations To Begin Disclosing CEO-To-Employee Pay Ratio This Year
Sunday, January 8, 2017 - 3:00pm | 194Back in 2015, the U.S. Securities and Exchange Commission (SEC) adopted a rule that obliged all public companies to disclose the ratio of the compensation of their chief executive officers compared to the median pay of their employees. “The rule provides companies with substantial flexibility...
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Why Trump's Election May Have Caused An Executive Exodus At The SEC
Monday, November 28, 2016 - 2:42pm | 373Within a week of Donald Trump's surprise election to the highest office in the land, SEC Chair Mary Jo White announced her plans to depart the agency at the end of the Obama administration. Within about a week, three other high ranking officers at the SEC announced that they, too, would be...
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SEC May Use 1940 Act To Rein In 170 Leveraged ETFs
Tuesday, June 7, 2016 - 12:11pm | 472A leveraged exchange-traded funded (ETF) offers investors and traders a leveraged exposure to the price performance of an index. For example, the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is designed to offer an investment return approximately equal to 300 percent of the inverse (or...
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Donald Trump Says There's A Tech Bubble, Silicon Valley Naturally Disagrees
Wednesday, May 18, 2016 - 10:44am | 452Republican presidential candidate Donald Trump said in an interview with Reuters that there may be a tech bubble. In the interview, Trump pointed out that there a lot of technology startups that "have never made any money" and have a "bad concept" as a business model. Despite that, Trump pointed...
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SEC Tracking Unicorns On Possible Valuation Inflation In Silicon Valley
Friday, April 1, 2016 - 11:53am | 465This interview comes courtesy of Benzinga, host of the 2016 Benzinga Fintech Awards Securities and Exchange Commission chairwoman, Mary Jo White, is tracking a herd of rouge "unicorns," and she's expressed concern. In the Silicon Valley basin, at Stanford University, White spoke...
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Stock Market Structure Won't Change, At Least Not This Year
Wednesday, March 9, 2016 - 3:22pm | 252SEC Chairwoman Mary Jo White said the structure of the U.S. stock market will not change, at least not this year. White said the agency won't advance any major changes in 2016 to the fragmented system of trading U.S. stocks after undertaking a "holistic review" of rules, including whether stock...
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SEC Proposes Pay-For-Performance Disclosure Rule
Wednesday, April 29, 2015 - 6:27pm | 271Disclosing how executive pay matches up with shareholder returns would be mandated by a proposed new rule of the Securities and Exchange Commission. The SEC approved publishing the proposal by a 3-2 vote Wednesday, kicking off a 60 public comment period. A second vote is required for adoption...
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SEC To Review Equity Market Rules
Tuesday, November 11, 2014 - 5:00pm | 273Reuters reported Monday that the U.S. Securities and Exchange Commission is "undertaking a comprehensive data-driven review of the rules underpinning the U.S. equity markets, including the pricing and rebate system used by exchanges," according to SEC Chair Mary Jo White. According to...
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NASDAQ Is The New Poster Child For Wall Street Reform
Friday, August 23, 2013 - 9:06am | 537Circle the wagons, because what everybody thought would happen is in full force less than 24 hours after the NASDAQ (NASDAQ: NDAQ) shutdown: politicians, media outlets and traders calling for Wall Street reform -- and it’s only going to get worse. Thursday, not long after noon EST, 3,200...