Regulatory Recap: June 2 to June 8, 2011
- David Skeel, the S. Samuel Arsht Professor of Corporate Law at the University of Pennsylvania, argued in the Wall Street Journal that the auto industry government bailouts will have negative repercussions for years to come.
- Maine earned praise from the Department of Transportation (DOT) for passing a law banning texting while driving. In doing so, Maine joined 33 other U.S. states, the District of Columbia, and Guam.
- Since President Obama signed legislation last year promoting “teleworking,” or working remotely, about a third of federal workers now telework, an increase over the past six months, according to a report by Telework Exchange.
- In an effort to combat false information circulating on social networking sites, websites, and message boards about stocks for which little public information is available, the Securities and Exchange Commission (SEC) suspended trading in seventeen microcap stocks. Microcap stocks are very low-value stocks issued by very small companies.
- To better protect consumers, the EPA announced it will ban the sale to non-commercial customers of some popular rat and mouse poisons.