Securities and Exchange Commission Chair Gary Gensler’s leadership team is taking shape with law professor Renee Jones being tapped to run the unit that reviews blank-check companies and will work on rules for corporations’ climate disclosures.
Jones, who taught at Boston College Law School, will head the SEC’s division of corporation finance, according to a statement Monday. Her appointment is a departure from the agency’s typical practice of naming a corporate lawyer to run the unit, which examines filings for initial public offerings and SPACs, or special purpose acquisition companies. Jones is also the first Black woman to lead one of the SEC’s four major divisions.
“Her leadership will be invaluable as the division facilitates disclosure under our current rules and undertakes rule modernization to meet the challenges of today,” Gensler said in the statement.
Under Gensler, the SEC is expected to adopt regulations dictating what companies must tell shareholders about how a warming planet affects their bottom lines. Implementing the rules is likely to be a key part of Jones’s tenure.
The SEC also announced that John Coates, who has been serving as acting head of corporation finance, will become the agency’s new general counsel. Under Coates, the division stepped up scrutiny of SPACs, which have sold shares at a record pace over the past year.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
