SEC Weighs a Big Gift to Companies: Blocking Investor Lawsuits – Bloomberg

In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing.The Securities and Exchange Commission in its long history has never allowed companies to sell shares in initial public offerings while also letting them ban…

Equifax Lobbied To Kill Rule Protecting Victims Of Data Breaches

As Equifax acknowledges a massive security breach making the names, addresses, social security numbers and more available for fraud and disruption and it appears executives, including the CFO, sold stock before making this information public, it also comes out that Equifax lobbied to make it more difficult for consumers to get damages for exactly this…