Securities Law Updates | New Statutes, Regulations and Rules
August 18, 2010
SEC Adopts Supplemental Standards of Ethical Conduct for Its Members and Employees
Adoption of Supplemental Standards of Ethical Conduct for Members and Employees of the SEC
CFR Part 4401 and 17 CFR Part 200, 7/14/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) with the concurrence of the Office of Government Ethics (“OGE,” or “Office”) is adopting supplemental standards of ethical conduct for the Commission’s members and employees.
The new supplemental standards give guidance to Commission members and employees on permitted, prohibited, and restricted financial interests and transactions and on engaging in outside employment and activities.
In addition, the Commission has revised its ethics rules to make them compatible with the OGE’s government-wide ethics provisions and to reflect current Commission policies.
By way of background, Executive Order 12674, as amended by Executive Order 12731, authorized OGE…
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