On July 29, Robinhood Markets launched an IPO for its stock on the Nasdaq. On August 6, the SEC approved new rules implemented by Nasdaq, Inc. requiring that companies listed on its exchanges to include at least one female member on their boards of directors and at least one racial minority or LGBTQ board member and to require disclosure of statistics measuring the diversity of their board membership. On August 27, the SEC launched a review of strategies and practices used by online brokers and investment advisors that promote user engagement with trading gamification. On December 2, the SEC finalized a rule to implement the Holding Foreign Companies Accountable Act. In response to record stock sales by CEOs and other corporate executives that year, Gensler proposed an agency rule for a mandatory 120-day window for corporate executives who are changing existing or adopting new portfolio managements plans on December 15.
