SEC’s Cyber Attack a Reminder for Agency to Secure Networks and Abandon Mission Creep

WASHINGTON, D.C. – This week, the Securities and Exchange Commission (SEC) suffered a major cybersecurity breach of a social media account belonging to the agency. Following the breach, SEC Mission Creep – a project of the Taxpayers Protection Alliance Foundation (TPAF) –  urged the agency to focus on its existing responsibilities to taxpayers and David…

Looking Ahead to 2024, Looking Back at the SEC Climate Rule Controversy in 2023

As the new year begins, people often take the time to reflect on the past 12 months and rid themselves of certain things they do not wish to take with them into the New Year. However, one thing that will still be looming over the heads of investors and public companies is the Securities and…

Manchin and Hagerty Call on SEC to Allow More Public Input on Proposed Climate Disclosure Rule

As the countdown to the release of the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule ticks away, lawmakers are re-upping their opposition of the rule. Last month, Sen. Joe Manchin (D-W.Va.) called on the agency to consider more public opinions and input before finalizing. Manchin, alongside Sen. Bill Hagerty (R-Tenn.), asked the SEC to…

U.S. Chamber of Commerce Classifies SEC Climate Rule as a “Fragmented, Unharmonized Approach” to Disclosure

October has come and gone, and the chances of seeing a final rendition of the Securities and Exchange Commission’s (SEC) proposed climate disclosure rule before the year’s end are rapidly diminishing. But the delay has not kept those closely awaiting news from sharing their views on the potential new rule. On October 25th, the U.S. Chamber…

SEC Claims Delay of Final Climate Disclosure Rule is Due to its Proposed Inclusion of Scope 3 Emissions

Half way through October and still there is not a smidge of concrete intel from the Securities and Exchange Commission (SEC) as to when the public could see a final version of its proposed climate disclosure rule. For more than 18 months, investors and publicly traded companies have patiently waited to assess the future of their…

SEC Chair Gary Gensler is Trying to Downplay Proposed Climate Disclosure Rule

As the proposed October deadline approaches for the Securities and Exchange Commission’s (SEC) release of its final rendition of the climate disclosure rule, all heads are turning towards SEC Chairman Gary Gensler for the last ounce of insight they can get. Last week, in a Senate Banking Committee hearing, Chairman Gensler testified before the committee…

Lawsuits Are on the Horizon for SEC Climate Disclosure Rule

Over the last 18 months, the Securities and Exchange Commission (SEC) has managed to introduce their controversial climate disclosure rule, miss proposed deadlines, extend said deadlines, and form a wall between themselves and dishing out requested information by the federal government. Now, as the second proposed deadline to vote on the rule by October 31st…

House Financial Services Committee Continues to Condemn SEC’s Proposed Climate Disclosure Rule

On July 12, the House Financial Services Committee held a hearing titled, “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation.” The hearing was held to discuss ongoing measures by regulatory agencies to mitigate climate impact and the ways regulations of such an area would be potentially detrimental for investors. Experts in the industry…