SEC Revisits Stalled Rules for Clawing Back Executive Bonuses

The <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000017c-7fcd-d3ae-a3fd-7ffdc35f0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">U.S. Securities and Exchange Commission is moving to finish up long-stalled rules that would clamp down on executive bonuses when firms misstate financial results.

The SEC re-proposed regulations that would force senior managers to return incentive pay that’s based on incorrect information included in companies’ financial statements, according to a statement. The rules were required by the 2010 Dodd-Frank Act and SEC Chair <-bsp-person state="{"_id":"0000017c-7fcd-d3ae-a3fd-7ffdc3600000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Gary Gensler on Thursday described the proposal as an opportunity “to strengthen the transparency and quality of corporate financial statements.”

The plan for clawing back inflated pay is one of several regulations stemming from the 2008 ...