New York Stock Exchange

On March 31, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission issued a staff statement (the Staff Statement) relating to accounting, financial reporting and governance issues for private companies to consider before engaging in a business combination with a special purpose acquisition company (SPAC).
Continue Reading SEC Corp Fin Staff Issues Statement on SPAC Transactions

On November 23, the Commodity Futures Trading Commission (CFTC) published an interim report regarding the circumstances leading up to the negative settlement price on April 20 of the West Texas Intermediate Light Sweet Crude Oil futures contract (WTI Contract) traded on the New York Mercantile Exchange.
Continue Reading CFTC Staff Publishes Interim Report on NYMEX WTI Crude Contract

On August 27, the New York Stock Exchange (NYSE) filed with the SEC a proposed rule change to:

(1) require NYSE-listed companies to notify the NYSE prior to disseminating material news if such dissemination occurs between 7:00 a.m. and 4:00 p.m. (ET), and to advise the NYSE whether a trading halt is appropriate during pre-market hours; and

(2) provide the NYSE with authority to halt trading in circumstances in addition to those already in effect, including when the NYSE believes it is necessary to request certain information from listed companies.
Continue Reading NYSE Proposes Rule To Expand Pre-market Notice Period Prior to Disseminating Material News