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Tag: sec

Bitcoin Accounting Keeps Crypto-Gains Under Wraps

Bitcoin Accounting Keeps Crypto-Gains Under Wraps

Bitcoin Accounting Keeps Crypto-Gains Under Wraps

Forget about the tree in the forest. Here’s a new conundrum for public companies to consider: If you make massive gains on bitcoin but can’t brag about it to shareholders, was the investment worth making in the first place? There are plenty...

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Accounting Issues Warrant Caution on SPACs

Accounting Issues Warrant Caution on SPACs

Accounting Issues Warrant Caution on SPACs

If you need proof that no good deed goes unpunished, look at Luminar Technologies. Like so many other companies in recent years, it went public through a SPAC merger. But when it did the right thing and posed an accounting question to the ...

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Is the SEC Ready to Play Ball with SPACs?

Is the SEC Ready to Play Ball with SPACs?

Is the SEC Ready to Play Ball with SPACs?

If you’re a baseball card enthusiast who left your collection to gather dust in an attic somewhere, you may want to stop reading now. Earlier this year, a 1952 Mickey Mantle in mint condition sold at auction for $5.2 million. The original c...

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Crypto Companies Enlist (Former) SEC Leaders

Crypto Companies Enlist (Former) SEC Leaders

Crypto Companies Enlist (Former) SEC Leaders

Plucking executives from the federal government is a go-to move for companies hoping to gain legitimacy or calm investors’ nerves. That probably explains the pipeline now running from the Securities and Exchange Commission to the cryptocurr...

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SEC Takes First Steps on New Climate Disclosure Rules

SEC Takes First Steps on New Climate Disclosure Rules

SEC Takes First Steps on New Climate Disclosure Rules

During the 2020 campaign for the White House, President Joe Biden declared climate change the “number one issue facing humanity,” and explicitly called for greater corporate transparency on the subject. His administration’s call for a revie...

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