SEC Commissioner Peirce on Flaws in New Clawback Rules
Reynolds Holding
OCTOBER 27, 2022
Nor did Congress, in adopting this provision, prohibit us from using our exemptive authority under Section 36 of the Ex[link] Act, which allows the Commission to tailor the implementing regulations if doing so is “necessary or appropriate in the public interest, and is consistent with the protection of investors.” [2] a) of Form 8-K.” [5].
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