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SEC Breathes New Life into 2015 Executive Compensation Clawback Rule

Stock Market Quotes and News

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Thursday voted to revive a rule, left unfinished since 2015, that would expand the regulator's powers to clawback executives' compensation when a company had to restate its financials due to a compliance lapse. The SEC said it would seek a further round of public feedback on the rule, which was mandated by Congress following the 2007-2009 financial crisis, with a view to finalizing the rule likely next year...

Mentions: stock options Congress The SEC