sec

Ardent Health Reports Q4 2025 Results

Ardent Health, Inc. announced its fourth quarter and full-year 2025 financial results, reporting $1.61 billion in revenue for the quarter and $6.32 billion for the year. The company also issued its guidance for full-year 2026, projecting total revenue between $6.4 billion and $6.7 billion.

SEC Staff Accounting Bulletin 118 on Tax Cuts and Jobs Act Income Taxes

The SEC staff has published Staff Accounting Bulletin No. 118 to provide guidance on applying accounting standards for income taxes following the Tax Cuts and Jobs Act of 2017. This bulletin clarifies interpretations for registrants regarding ASC Topic 740, Income Taxes.

SEC Rescinds SAB 121, Issues SAB 122 on Crypto-Asset Custody

The SEC has rescinded Staff Accounting Bulletin (SAB) 121 and issued SAB 122, which provides new guidance on accounting for crypto-asset custody obligations. This change affects how entities recognize and measure liabilities related to safeguarding crypto-assets for platform users.

SEC Rescinds Staff Accounting Bulletin No. 121

The SEC has rescinded Staff Accounting Bulletin No. 121, which provided guidance on the accounting for obligations to safeguard crypto-assets held for platform users. This rescission is effective April 11, 2022, and was done in conjunction with the publication of SAB No. 122.

SEC Staff Accounting Bulletin 120: Fair Value Guidance for Share-Based Payments

The SEC's Office of the Chief Accountant and Division of Corporation Finance have issued Staff Accounting Bulletin (SAB) 120, updating guidance on estimating the fair value of share-based payment transactions when a company possesses material non-public information. This update aligns existing interpretive guidance with current accounting standards, specifically FASB ASC Topic 718.

SEC Staff Accounting Bulletin 119 on Credit Loss Guidance

The SEC's Office of the Chief Accountant published Staff Accounting Bulletin 119 to update guidance on measuring credit losses on financial instruments. This update aligns SEC staff interpretations with the FASB's Accounting Standards Codification Topic 326, which introduces an expected credit loss model.

SEC Dismisses Civil Enforcement Action Against Nader Al-Naji

The SEC announced the dismissal, with prejudice, of its civil enforcement action against Nader Al-Naji and several relief defendants. The dismissal is based on the specific facts and circumstances of the case, as outlined in a joint stipulation filed with the court. The case number is 1:24-cv-05738-JAV.

SEC Division of Examinations Announces 2026 Priorities

The SEC's Division of Examinations has announced its 2026 examination priorities, focusing on areas of heightened risk to investors and compliance with new rules like amendments to Regulation S-P. The priorities aim to provide transparency and encourage firms to strengthen their compliance programs.

SEC Risk Alert on Investment Company Core Areas Review

The SEC's Division of Examinations has published a Risk Alert detailing typical document requests and examination observations for registered investment companies. The alert aims to help funds and their advisers enhance their compliance programs and practices by highlighting key review areas such as compliance programs, disclosures, and governance.

SEC Risk Alert on Advisers Act Marketing Rule Compliance

The SEC's Division of Examinations issued a Risk Alert highlighting observations regarding investment advisers' compliance with the Marketing Rule. The alert focuses on disclosure requirements, oversight practices for testimonials and endorsements, and due diligence for third-party ratings.