January 21, 2021

Volume XI, Number 21

Advertisement

January 21, 2021

Subscribe to Latest Legal News and Analysis

January 20, 2021

Subscribe to Latest Legal News and Analysis

January 19, 2021

Subscribe to Latest Legal News and Analysis

Professor Robert J. Jackson Jr. Nominated To Become A Member Of The Securities And Exchange Commission

As Broc Romanek noted yesterday, President Donald Trump has nominated Columbia Law School Professor Robert J. Jackson, Jr. to become a member of the Securities and Exchange Commission.  Over the years, Professor Jackson’s name has made several appearances in this blog, including:

Why Commissioner Gallagher Is Not Mistaken On Political Spending Disclosure

Political Spending Disclosures – An Idea So Good That I Think You Should Pay For It

SEC Includes Disclosure Of Corporate Political Spending Rule In Unified Agenda – What Does It Mean?

In 2013, Professor Jackson and Professor Lucian Bebchuk co-wrote an article advocating that the SEC adopt rules requiring companies to disclose their political spending.  Notably (at least from my perspective), the Professors argued against some the points raised in my comment letter to the SEC:

Finally, opponents of the Petition maintain that public companies will incur substantial reporting expenditures if they are required to disclose political spending to investors. These expenses might include, for example, the internal controls and legal expenses associated with preparing such disclosures. Keith Paul Bishop, the former California Commissioner of Corporations, advanced this argument in comments to the SEC opposing the Petition, and the Chamber of Commerce has argued that disclosure rules in this area would “impose substantial costs on public companies” that would outweigh any benefits of disclosure.

Shining Light on Corporate Political Spending, 101 Geo. L.J. 923, 964 (2013) (footnote omitted).  I remain unconvinced and I hope that, if confirmed, Professor Jackson will be successful in persuading his fellow Commissioners.

A few years back, I stopped by Professor Jackson’s office at Columbia University and had a nice discussion.  Although our views differ, I think Professor Jackson would be a thoughtful and well qualified addition to the SEC.

Advertisement
© 2010-2020 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume VII, Number 249
Advertisement

TRENDING LEGAL ANALYSIS

Advertisement
Advertisement

About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

949-851-5428
Advertisement
Advertisement