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USA - August 24 2012
On Aug. 22, 2012, the U.S. Securities and Exchange Commission (SEC) adopted a long-awaited final rule requiring public companies to disclose their use of certain "conflict minerals" (CM) originating in the Democratic Republic of the Congo (DRC) and all adjoining nations ("Covered Countries").
USA - August 12 2012
This week the U.S. Court of Appeals for the Second Circuit “lowered the bar” for the U.S. Securities and Exchange Commission to successfully bring enforcement actions against “aiders and abettors” of securities fraud.
USA - August 7 2012
Public companies being investigated by the SEC often face difficult decisions about whether, when, and to what extent they should disclose the government inquiry.
USA - July 24 2012
In December 2011, we reported that U.S. Securities and Exchange Commission Chairman Mary Schapiro wrote to Senator Jack Reed, who chairs the Senate Subcommittee that oversees the SEC, formally requesting legislative changes that would increase existing limits on civil monetary penalties available in SEC actions, and allow the SEC to prosecute enforcement matters in administrative proceedings.
USA - July 11 2012
On July 2, 2012, the U.S. Securities and Exchange Commission (SEC) announced that it will likely vote on August 22, 2012, to finalize a contentious rule that would require public companies to fully disclose whether they produce or use designated 'conflict minerals' (tantalum, tin, gold or tungsten) mined or sourced in the Democratic Republic of the Congo or any adjoining country.
