Kirkland Alert

SEC Issues Proposed Compensation Clawback Rules

On July 1, 2015, the Securities and Exchange Commission released its highly anticipated rules regarding compensation clawback policies and disclosures (the “Proposed Rules”) as required pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Proposed Rules would, once finalized, prohibit national securities exchanges from listing securities of an issuer that does not satisfy the clawback requirements under the Proposed Rules.