Recent trends in SEC comments issued to oil and gas companies, and an enforcement action against one such company, illustrate current SEC priorities relating to the industry.
We are now at the point in the calendar-year reporting cycle when comments of the SEC staff on annual reports for the prior year, and the current year’s proxy statements, have generally become publicly available.
The Department of Transportation (DOT), through the Pipeline and Hazardous Materials Safety Administration (PHMSA) and Federal Railroad Administration (FRA), has recently proposed a series of rules as part of its comprehensive effort to strengthen safety standards for rail transport of crude oil and ethanol, as well as other flammable liquids.
SEC Mass Enforcement Sweep Charges Officers, Directors, Major Shareholders, and Companies with Violating Rules Requiring Prompt Reporting of Transactions and Holdings
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