House Bill 417 falls far short of the structural reforms Illinois pension systems require. A constitutional amendment is needed after courts blocked a real reform effort in 2018.
Three new U.S. Securities and Exchange Commission enforcement actions, charging eight separate financial firms with violations of Regulation S-P, indicate a seismic shift in SEC focus and provide a slew of critical takeaways for any SEC-registered entity, says cybersecurity consultant John Reed Stark.
The powerful sovereign wealth fund says it will pin its investments to a series of expectations on biodiversity and ecosystem. That could have consequences for the Fund’s investments in the Arctic, including in Russian energy companies.