SEC Staff Clarifies Climate Disclosure Sticking Points
Two SEC staff addressed issues of materiality emissions in a webinar hosted by Ceres.
Regulation
Central States Reaches Agreement to Repay $127M Overpayment
The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.
SEC Seeks Institutional Investor Reps for Advisory Committee
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
CalSTRS Focuses on Curbing Methane in 2024 Proxy Season
The giant pension fund has a history of pushing for environment-oriented goals.
Regulating the Robots
The current SEC proposal is seen as overreaching, but industry watchers see benefits if changes are made.
PBGC Responds to House Republicans’ Subpoena on Central States’ Overpayment
According to the PBGC, the DOJ is working with Central States to secure the repayment.
Mississippi Seeks to Fine BlackRock Over ESG Funds
The state’s order claims that the asset manager misled investors in marketing non-ESG index funds.
New Bill Would Ban Chinese Stocks in Index Funds
The measure is part of a package that would both tax Chinese dividends at higher rates and require more disclosure for securities with exposure to China.
After Receiving Extra $127M, Central States Working on Repayment Plan
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.
House Republicans Propose 13 Bills to Reform SEC
The legislation would require more economic analysis and longer comment periods.
Private Funds Trade Groups Challenge New SEC Dealer Rule
The rule, finalized in February, would require private funds trading large blocks of government securities to register as dealers.
SEC Climate Rule Put on Hold
The U.S. 5th Circuit Court of Appeals delayed implementation of the rule, pending further review.
Central States Legally Required to Repay $127M to PBGC
The multiemployer plan received an overpayment due to an incomplete death audit conducted by the PBGC.
Proposed Massachusetts Endowment Tax to Hit Harvard, MIT, 11 Other Schools
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
Carried Interest, Stock Buybacks, Other Tax Increases Included in Biden Budget Proposal
The other tax increases would include higher minimum taxes on billionaires and corporations.