Ben Bain

New rules will require firms to provide more details with watchdogs, including investments, borrowing and counterparty exposure.

The West Virginia senator is calling on the commission to reconsider a plan to require companies to disclose information about their greenhouse gas pollution.

Gary Gensler signaled that only total compliance with U.S. audit inspections will allow the companies to keep trading on American markets.

Companies will need to reveal detailed information about their greenhouse gas pollution under a new U.S. Securities and Exchange Commission plan, marking a major shift in how corporations must show they are dealing with climate change.

Under a commission proposal, funds’ financial statements would need to be audited at least annually.

U.S. regulators have long said they’re dubious about the green and socially conscious labels that Wall Street applies to $35 trillion in so-called sustainable assets. Now, the watchdogs are hunting for proof that they’re right.

The commission wants corporations to reveal more about climate risks, a push Wall Street and the biggest tech companies say will lead to a barrage of lawsuits.

Alex Oh abruptly resigned Wednesday, citing a complication in a case from her prior legal career.

The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.