Tag: Securities and Exchange Commission

Senate confirms Gensler to lead SEC

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Confirmation raises expectations for political spending disclosure

The Senate voted 53-45 Wednesday to confirm Gary Gensler as Securities and Exchange Commission chairman, potentially opening the door to increased political and climate risk disclosures from companies. 

Gensler will lead the agency amid growing calls for more public company disclosures from both Democrats and corporate shareholders. With his arrival, Democrats will have a majority on the commission. 

Mandated corporate disclosure of political spending and climate risk merits a closer look given strong investor interest, Gensler said during his March 2 confirmation hearing. Continue reading.

Securities and Exchange Commission asks D.C. employees to work from home after coronavirus scare

Washington Post logoThe Securities and Exchange Commission on Monday asked employees at its D.C. headquarters to stay away from the office because of a potential coronavirus case, becoming the first major federal employer to turn to telework to avoid the spreading virus.

The announcement from the agency, which is charged with monitoring the financial markets, came after a day of turmoil on Wall Street, with the Dow Jones industrial average falling more than 2,000 points. The agency‘s notice, which was emailed shortly after 8 p.m., required employees working on the ninth floor of its office to stay home and encouraged all others to do the same.

“Out of an abundance of caution, effective immediately the SEC is requiring all Headquarters personnel (employees and contractors) who work on the 9th floor to telework,” the email to employees read. Continue reading.