{"id":1215,"date":"2013-03-19T17:57:39","date_gmt":"2013-03-19T17:57:39","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/03\/securities_law_and_congress_ro"},"modified":"2022-03-10T16:36:15","modified_gmt":"2022-03-10T22:36:15","slug":"securities-law-and-congress-ro","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-law-and-congress-ro\/","title":{"rendered":"Securities Law and Congress Roundup: SEC Plans to Look at Corporate Political Spending Has Some Republicans Asking Why, Regulator Wants Lawmakers To Set Up Independent Auditor for Advisory Firms, & DOJ Stands by Its Record on Prosecuting Financial Firms"},"content":{"rendered":"

\t\t\t\tSEC Plans to Look at Corporate Political Spending Has Some Republicans Asking Why<\/strong><\/p>\n

In a letter to Securities and Exchange Commission Chairman Elisse Walter, a number of House Republicans, including Oversight Committee Chairman Darrell Issa (R-Calif.) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), asked why the agency plans to consider making corporate political spending disclosures a requirement when this matter seems “unrelated to its mandate” that it protect investors, maintain the markets, and “facilitate capital formation.” The lawmakers expressed concern that such a move by the SEC would be “especially problematic” seeing as it has no experience in this matter and the writing of such a rule would likely require much in terms of resources and staff.<\/p>\n

The Congressional lawmakers said that the Commission should concentrate not on a “discretionary rule” but on a rulemaking that is mandatory. They pointed to the agency’s delays in getting the Jumpstart Our Business Startups Act efected in time for the mandated statutory deadline. They are asking why resources should be allocated to non-essential rulemaking that brings up serious concerns. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

SEC Plans to Look at Corporate Political Spending Has Some Republicans Asking Why In a letter to Securities and Exchange Commission Chairman Elisse Walter, a number of House Republicans, including Oversight Committee Chairman Darrell Issa (R-Calif.) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), asked why the agency plans to consider making corporate political […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801,3760,3741],"tags":[],"class_list":["post-1215","post","type-post","status-publish","format-standard","hentry","category-sec","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nSecurities Law and Congress Roundup: SEC Plans to Look at Corporate Political Spending Has Some Republicans Asking Why, Regulator Wants Lawmakers To Set Up Independent 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