It’s back, with 9 items… US Audit Watchdog Rewrites Internal Control Standard | SEC eyes new rule to make market exit easier | NYSE-Euronext clears a regulatory hurdle | Spam Doubles, Finding New Ways to Deliver Itself | Hedge Funds to Face More Scrutiny From U.S. Market Regulators | Nonfinancial Reports Fail to Capture Key Business Risks, Says Study | Electronic trader aims to challenge TSX | Web Sites Fail To Reach People With Disabilities, UN-Backed Survey Shows | US SEC eyes shorting rules
Editors’ Note: We received great input yesterday on our reader survey, thank you. We’ll have details of the results tomorrow.
US Audit Watchdog Rewrites Internal Control Standard
The new proposed guidance for auditing internal controls — to be released for public comment Dec. 19 — attempts to focus auditors on areas of highest risk and more closely aligns costs of the measure with its benefits.
SEC eyes new rule to make market exit easier
Foreign companies will be able to withdraw from a stock market listing in the US and escape the onerous requirements of Sarbanes-Oxley compliance laws more easily under a proposed new rule to be unveiled by US regulators on Wednesday.
NYSE-Euronext clears a regulatory hurdle
The $13 billion takeover of Euronext by NYSE Group won conditional approval from the regulators of the European stock exchange, bringing the companies a step closer to creating the world’s first trans-Atlantic equity market.
Spam Doubles, Finding New Ways to Deliver Itself
Many of the messages in the latest spam wave promote penny stocks. The SEC has brought dozens of cases against such fraudsters over the years, but most active spammers operate beyond reach in Russia, Eastern Europe and Asia.
Hedge Funds to Face More Scrutiny From U.S. Market Regulators
Currently, the NYSE keeps data on more than 1.5 million names and investigators use the information to uncover links, such as family ties, between industry executives and investors who made suspicious stock trades. That kind of circumstantial evidence is often the start of enforcement actions against insider trading.
Nonfinancial Reports Fail to Capture Key Business Risks, Says Study
68% of UK companies believe their reporting produces accurate data, 64% say they report good news and bad news equally, 32% agree they report too many issues, and 54% say they have a rigorous process for deciding what to report on.
Electronic trader aims to challenge TSX
Electronic trading pioneer Instinet Inc. plans to challenge TSX Group Inc. by launching an alternative trading system for Canadian stocks that promises lower prices and faster execution for big money managers who trade huge amounts of stock.
Web Sites Fail To Reach People With Disabilities, UN-Backed Survey Shows
Among the most common problems encountered in the survey were the use of a common scripting language called JavaScript and of graphics unaccompanied by explanatory text.
US SEC eyes shorting rules
At a public meeting, the SEC decided to release for public comment a rule that would impose new limits on short selling just prior to secondary stock offerings by corporations, one area that has been prone to schemes to manipulate prices.
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