Date | Action | Agency | Summary |
---|---|---|---|
2025-02-14 | OPM Memo to terminate certain probationary employees |
Other
|
OPM issued another memo to federal agencies directing them to “separate” – or fire – certain probationary employees by the end of the day on February 17. |
2025-02-12 | Rescission Staff Legal Bulletin 14L |
SEC
|
The SEC rescinded Staff Legal Bulletin 14L, which had made it harder for companies to exclude shareholder proposals. The guidance silences investors who want to influence corporate governance on matters of social importance, such as ESG. |
2025-02-12 | CFPB Fires Probationary Staff |
CFPB
|
New CFPB leadership signals its intent to dismantle the CFPB by large-scale reductions in work force. |
2025-02-11 | NYSE Arca 22/5 |
SEC
|
The SEC approved a national securities exchange’s proposal to extend trading hours to 22 hours a day, five days a week. The approval means that stock exchanges will become more like casinos. Retail investors will be induced to engage in risky behavior in the middle of the night. Retail investors will also be induced to trade when there is little liquidity and worse prices. Read Better Markets’ statement: SEC’s Approval of Overnight Trading Will Make the Gambling Addiction Epidemic Worse and Harm Retail Investors |
2025-02-11 | Schedule 13D&G Guidance |
SEC
|
The SEC issued guidance making it harder for owners/investors such as large index funds to engage with companies. The guidance prevents investors from advocating for better management and increased transparency on issues like executive compensation and ESG practices. |
2025-02-11 | Pause of Civil Enforcement Action Against Binance |
SEC
|
The SEC agreed to pause its case against Binance. The SEC has surrendered to the crypto industry. Better Markets Fact Sheet: Having Won Almost 100% of Its Cases Against the Crypto Industry, the SEC Baselessly Surrenders |