Publisher: Reuters Author: Nate Raymond The U.S. Securities and Exchange Commission's controversial use of in-house…
Candidate for SEC commissioner helps companies avoid disclosure
The Securities and Exchange Commission must find replacements for two commissioners soon, but one candidate frequently mentioned in the media, Keir Gumbs from law firm Covington & Burling, advises publicly traded corporations on how to avoid political spending disclosures, according to The Intercept.
Since at least 2013 Gumbs and partner Robert Kellner have organized “one-hour primers” for corporate executives responding to shareholder demands for more disclosure, the article says. Gumbs and Kellner just published a comprehensive how-to guide for companies.
The article says Kellner went on CNBC to attack Senator Elizabeth Warren for her comments in a letter to SEC Chairwoman Mary Jo White that asked why campaign finance disclosure has been missing from the SEC agenda. Kellner called Warren’s criticism of the SEC’s inaction on corporate political disclosure “misplaced because corporate political disclosure has utterly nothing to do with the SEC.”
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