Dodd-Frank Act Rulemakings, Studies, and Reports Update

• The SEC proposed a rule that would require disclosure of the median of the annual total compensation of all employees of an issuer (excluding the chief executive officer), the annual total compensation of that issuer’s chief executive officer and the ratio of the median of the annual total compensation of all employees to the annual total compensation of the chief executive officer.  Emerging growth companies, smaller reporting companies, and foreign private issuers would be exempt.  Comments are due 60 days after Federal Register publication.
• The SEC finalized rules requiring municipal adviser registration.  It exempts employees and appointed officials of municipal entities from registration, and narrows the application of the term “investment strategies” to apply only to the investment of proceeds from the sale of municipal securities rather than to all public funds.

Regards,

Canfield Press