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Stock impact report

SEC picks as corporate regulator a professor who criticized startup ‘unicorns' [FOX Business Network]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Sources tell FOX Business' Charlie Gasparino that securities lawyers says SEC looking at possible manipulation cases that will be difficult to prosecute. The Securities and Exchange Commission said it had hired Renee Jones, a Boston College law professor, as its top staff regulator of public companies. Jones will oversee a division of more than 400 lawyers and accountants who draft rules for companies raising capital and disclosing material news and events to shareholders. The division has a leading role in drafting a planned rule proposal that would require public companies to reveal more about the risks and impacts of climate change on their business. Jones, 56, has written critically about large, private companies known as unicorns , which are valued at over $1 billion before going public. The SEC has over the past decade made it easier for private companies to raise capital, which largely exempts them from the agency's oversight. She will succeed the division's acting dir Show less Read more
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