News

March 24, 2020

The package of relief covers in-person board meetings and certain filing and delivery requirements for certain funds and investment advisers.

March 23, 2020

Diligent will host a webinar on Tuesday March 24, 2020 at 10:00 a.m. highlighting the tools available within Diligent Boards to navigate this challenging time. More information and registration is available by clicking here.

March 23, 2020

The U.S. Treasury Department and Federal Reserve are establishing a fund that would offer emergency loans to money market funds, which have been battered in recent market upheaval.

March 19, 2020

March 19, 2020

MEMX, a new independent stock exchange founded by large brokers including Charles Schwab and E*Trade, says it will launch in July if it obtains regulatory approval from the SEC, which it expects in the second quarter.

March 18, 2020

March 18, 2020

The current heightened risk climate has not erased the risk financial firms have been dealing with in the last few years.

March 17, 2020

March 17, 2020

A paper by Clemson University researchers in the wake of a California law presents evidence on the effects of board gender quotas by examining stock market reactions to the law, direct costs of compliance, and the resulting board adjustments.

March 16, 2020

March 16, 2020

In a recent publication, attorneys from K&L Gates discussed the SEC’s expanded relief for fund board in-person meetings in light of the global impact of COVID-19.

March 12, 2020

March 12, 2020

At recent Capitol Hill hearings lawmakers discussed diversity in the financial services industry and the need to improve representation from more diverse groups, particularly in banking, and released a multimedia report entitled, “Diversity and Inclusion: Holding America’ Large Banks Accountable,” as part of an effort to hold financial institutions accountable and inform the public on how large banks are meeting their commitments to diversity.

March 11, 2020

March 11, 2020

The SEC is requesting public comment on its current requirements that restrict the use of potentially misleading fund names.

March 10, 2020

March 10, 2020

In 2011, the SEC launched a whistleblower program to incentivize individuals to report possible violations or questionable conduct by offering significant financial bounties for information that leads to a successful SEC enforcement action.

March 9, 2020

March 9, 2020

As the industry absorbs news of yet another mega merger, commentators are beginning to consider the impact of the deal.

March 6, 2020