December 4, 2020

Volume X, Number 339

Advertisement

December 03, 2020

Subscribe to Latest Legal News and Analysis

December 02, 2020

Subscribe to Latest Legal News and Analysis

December 01, 2020

Subscribe to Latest Legal News and Analysis

SEC Issues Statement in Response to the Report of the President’s Working Group on Financial Markets

On August 6, 2020, the President’s Working Group on Financial Markets released its Report on Protecting United States Investors from Significant Risks from Chinese Companies, which included certain recommendations for the SEC regarding the need to strengthen investor protections and to promote the integrity of U.S. capital markets by (1) leveling the playing field for all companies listed on U.S. exchanges, and (2) improving disclosure regarding, and consideration by fiduciaries and other market professionals of, the risks of investing in emerging markets, including China. On August 10, 2020, the SEC issued a statement in response to the report. The statement highlighted various SEC initiatives to bring attention to the risks of investing in emerging markets countries; noted that SEC Chairman Jay Clayton had directed the SEC staff to prepare proposals in response to the recommendations in the report; noted the SEC staff’s emerging markets roundtable held in July 2020 at which investors, regulators and other industry participants and experts discussed issues relating to investing in emerging markets, including China; and encouraged the public to provide comments or other information for the SEC to consider as it develops responses to the report.

The SEC’s statement is available here, and the report of the President’s Working Group on Financial Markets is available here.

© 2020 Vedder PriceNational Law Review, Volume X, Number 287
Advertisement

TRENDING LEGAL ANALYSIS

Advertisement
Advertisement

About this Author

Legal, Business, John Marten, Investment Attorney, Vedder Price Law FIrm
Shareholder

John S. Marten, a Shareholder in the Chicago office of Vedder Price, has substantial experience representing clients in the investment management industry.

As a member of the firm’s Investment Services group, Mr. Marten counsels clients on a wide variety of matters involving the application of the federal securities laws to investment companies, investment advisers and broker-dealers. He has significant experience counseling investment company clients with respect to new products and was recently involved in the creation of two mutual funds...

(312) 609 7753
Nathaniel Segal, Investment Attorney, Vedder Price Law Firm
Associate

Nathaniel Segal is an Associate at Vedder Price and a member of the Investment Services group. He focuses his practice on investment companies and investment advisers in connection with the organization and operation of investment products and services, including traditional mutual funds, closed-end investment companies (including interval funds and listed closed-end funds), variable insurance products and registered hedge funds, as well as mutual funds utilizing complex hedging and absolute return strategies. Mr. Segal has experience in conducting transactional due...

(312) 609 7747
Jacob Tiedt, Vedder Price, investment services attorney
Shareholder

Jacob C. Tiedt is a Shareholder at Vedder Price and a member of the Investment Services group.

Mr. Tiedt’s practice includes the representation of registered mutual funds, closed-end funds and exchange-traded funds; private funds; investment advisers; and other financial institutions on a broad range of regulatory, governance and compliance matters. Mr. Tiedt regularly counsels clients on matters relating to SEC registration, disclosure and compliance; shareholder solicitation; NYSE, Nasdaq and FINRA regulation; corporate governance; and board administration. Mr....

312-609-7697
John M. Sanders Investment Lawyer Vedder Price
Associate

John M. Sanders is an Associate at Vedder Price and a member of the firm's Investment Services group.

Mr. Sanders focuses on advising clients on mutual funds, private placements, sale transactions and regulatory issues.

While in law school, Mr. Sanders was a judicial extern for the Honorable David J. Novak, U.S. District Court for the Eastern District of Virginia and a law clerk with the Baltimore City State’s Attorney’s Office. He also served as Lead Articles Editor for the William & Mary Law Review.

...
(202) 312 3332
Advertisement
Advertisement