Newsletters

03.01.23

SEC Shortens Settlement Cycle

On February 15, 2023, the Securities and Exchange Commission adopted final rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date to one business day after the trade date.


12.27.22

SEC Adopts Final Amendments to Rule 10b5-1 Plans; Expands Related Disclosure Requirements

On December 14, 2022, in its final meeting of the year, the Securities and Exchange Commission adopted final rules relating to Rule 10b5-1 trading plans.


04.06.22

SEC Proposed New Rules to More Tightly Regulate SPAC Activity

On Wednesday, March 30, 2022, the Securities and Exchange Commission proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings and in business combination transactions, or de-SPAC transactions, by special purpose acquisition companies.


12.02.20

Proposed Nasdaq Rules Aim to Increase Board Diversity

On December 1, 2020, the Nasdaq stock exchange filed with the Securities and Exchange Commission (SEC) a proposal1 to adopt new listing rules concerning the diversity of Nasdaq-listed companies’ boards of directors.


08.27.20

SEC Makes Key Changes to Accredited Investor Definition

In its Final Rule issued on August 26, 2020, a divided Securities and Exchange Commission (SEC) expanded the group of individuals and entities permitted to invest in private securities by amending the definitions of “accredited investor” and “qualified institutional ...


03.09.20

The SEC Proposes to Expand Capital-Raising Opportunities for Reg D, Reg A and Crowdfunding Offerings

On March 4, 2020, the Securities and Exchange Commission (SEC) issued proposed rules to simplify certain aspects of exempt offerings with the goal of expanding access to capital for issuers and increasing opportunities for investors. The proposed rules are set forth in SEC Release No. ...


03.21.18

Equifax Insider Trading Charges Highlight Importance of Tailored Policies and Controls

In what appears to be the first insider trading case stemming from insider knowledge of material nonpublic cyber-related information, the Securities and Exchange Commission brought civil charges against a former Equifax executive, alleging that the executive illegally traded on the basis of ...


11.16.17

SEC Provides Greater Deference to Public Company Boards

On Nov. 1, 2017, the Securities and Exchange Commission (SEC) issued Staff Legal Bulletin No. 14I(CF), which articulates important interpretive guidance relating to shareholder proposals submitted to public companies for inclusion in proxy statements.


10.07.17

SEC Gets Tough on ICOs, Files First Fraud Case

The Securities and Exchange Commission (the Commission) has put its digital money where its mouth is.


09.19.17

Proposed Legislation May Afford Broader Use of Regulation A

Earlier this month, the House of Representatives approved in a landslide vote the Improving Access to Capital Act (HR 2864), which would extend the use of Regulation A, an exemption from registration under the Securities Act, to public companies.