SEC Forms COVID-19 Market Monitoring Group

On April 24, 2020, the U.S. Securities and Exchange Commission (“SEC”) announced that it was forming an internal, cross-divisional COVID-19 Market Monitoring Group. The group is temporary and includes senior-level officials across the SEC’s divisions and offices. The group will assist the SEC in two primary respects: first, it will assist in SEC and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors; and second, it will assist in responding to requests for information, analysis, and assistance from other regulators and public sector partners. In making the announcement, SEC Chairman Jay Clayton noted that the “complexities, interconnections, and continually evolving dynamics of our markets” must be taken into account in the SEC’s monitoring of, and responses to, the effects of COVID-19 on our capital markets.

The announcement is available here: https://www.sec.gov/news/press-release/2020-95.

Additional SEC guidance related to COVID-19 is available here: https://www.sec.gov/sec-coronavirus-covid-19-response.

Ice Miller attorneys are able to assist with any questions you may have regarding SEC-related issues and inquiries related to COVID-19, including with respect to litigation, shareholder meetings, selective disclosure, insider trading compliance, and capital markets transactions.

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader should consult with legal counsel to determine how laws or decisions discussed herein apply to the reader’s specific circumstances.