Covington has recently learned that, for the first time ever, the CPA-Zicklin Index, which ranks companies’ political disclosure practices, plans to issue rankings for all 500 companies in the S&P 500 Index.
In a new compliance bulletin (2015-01), the CFPB reminds supervised financial institutions, including nonbanks, of their obligations regarding the disclosure of confidential supervisory information (CSI).
New corporate and securities lawsuit filings and enforcement actions were down for the third consecutive year in 2014, according to the latest annual report from the insurance information firm, Advisen.
For those who missed “Financial Firms as ERISA Plan Sponsors: The When, What and How of the QPAM Audit Requirement” on May 1, 2013, click to learn more about the Qualified Plan Asset Manager exemption and what it means to asset managers.
According to “Doing the Math on Teacher Pensions: How to Protect Teachers and Taxpayers,” just published by the National Council on Teacher Quality, “state teacher pension systems had a total of $499 billion in unfunded liabilities” in 2014, up by $100 billion since its 2012 study.
Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority.
On January 13, 2015, the Consumer Financial Protection Bureau (CFPB) released a report on consumers’ mortgage shopping experiences.
SEC Co-Chief of Division of Enforcement’s Asset Management Unit Identifies 2015 Exam Priorities for Hedge and Private Equity Funds
On November 18, 2014, Julie M. Riewe, Co-Chief of the Division of Enforcement’s Asset Management Unit of the Securities and Exchange Commission (the “SEC”), spoke at a Practicing Law Institute seminar and identified 2015 SEC examination priorities for investment managers of private funds.
Cornerstone Research: Securities Suit Filings Holding Steady but Cases Are Smaller and Involve Smaller Companies
The number of securities class action lawsuit filings in 2014 was about the same as in 2013, but the cases that were filed were smaller than in the past, according to the annual securities litigation report from Cornerstone Research.