June 1, 2012
SEC Gets Sued for Not Rulemaking Fast Enough
As noted by Keith Bishop in his blog, Oxfam America has sued the SEC in the US District Court in Massachusetts for failing to comply with Congress’ mandate to adopt regulations governing disclosures by resource extraction issuers under Section 1504 of Dodd-Frank (here’s more in Jim Hamilton’s blog). First the SEC gets sued for rulemaking too fast, now too slow…
“Occupy the SEC”
A few weeks ago, this Washington Post article entitled “Occupy the regulatory system!” notes that a former SEC Staffer is part of the movement. The article drew a few hundred comments. Funny that an “Occupy the SEC” group is based in NYC and not DC, where the SEC’s HQ is based.
Meanwhile, a OWS-related group has filed what appears to be its first amicus brief, urging the Second Circuit to uphold U.S. District Judge Jed Rakoff’s controversial rejection of the SEC’s $285 million settlement with Citigroup.
Our June Eminders is Posted!
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Deal Cube Tournament: Round One; 7th Match
As noted in these rules (and keep sending more pics for the next tourney), please vote for two of the following four cubes below:
– Black Jack Table
– In-Store Showcase
– Koala Bear
– Standard
– Broc Romanek