Last week, the banking agencies issued guidance in the form of Frequently Asked Questions that provides certainty regarding the treatment of tokenized securities for purposes of the capital rules. While this is not surprising, it is helpful to market participants perhaps especially in the context of the repo and derivatives market as more market participants
Private Placements and Hybrid Securities Offerings 2026
Hybrid | March 5-6, 2026
Register here.
Join us at the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2026 conference.
This annual event provides an overview of the legal framework applicable to exempt offerings, this year focusing on SEC staff guidance on private placements and exempt offerings. The second half of the program focuses
Foreign Issuers and Section 16 Reporting: SEC Adopts Final Rules for the Holding Foreign Insiders Accountable Act
The Securities and Exchange Commission today adopted final rules and form amendments to reflect the requirements of the recently enacted Holding Foreign Insiders Accountable (“HFIA”) Act.
Directors and officers of foreign private issuers, or FPIs, with a class of equity securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the
What’s the Deal: Advanced Topics in At-the-Market Offerings
Webinar | February 26, 2026
8:30 a.m. – 9:30 a.m. ET
Register here.
Due to weather disruptions, this session will be held virtually on Zoom. There will be no in-person attendance.
Join us for a webinar on at-the-market (“ATM”) offerings. ATM offerings continue to evolve as issuers and banks look for greater flexibility, alternative
SEC Approves Amendments to FINRA’s Gifts Rule
Amendments increase the annual gift limit to $300, provide exemptive relief authority, codify existing guidance and clarify that the rule does not apply to gifts to individual retail customers
On February 12, 2026, the U.S. Securities and Exchange Commission approved the Financial Industry Regulatory Authority, Inc.’s (“FINRA”) amendments (the “Amendments”) to FINRA Rule 3220 (Influencing
More on Disclosure Reform
While visiting Texas, Securities and Exchange Commission Chair Atkins addressed corporate law matters and disclosure reform issues. Here, we address the Chair’s comments related to disclosure reform. Chair Atkins once again emphasized the need to return to principles of financial materiality when considering disclosure requirements. He noted as well that disclosure requirements should be tailored
FINRA Provides Guidance on the Use of Negative Consent for Bulk Transfers of Customer Accounts and Discontinues Related Prior Review Process
The Financial Industry Regulatory Authority, Inc. (“FINRA”) issued Regulatory Notice 26-03 (the “Notice”) consolidating guidance on the use of negative consent letters for bulk transfers or assignments of customer accounts between FINRA members. Moreover, the Notice eliminates the current practice of submitting draft negative consent letters to FINRA staff for review; this change will become
Treasury Clearing Update
In recent remarks, Commissioner Uyeda provided an update on the Securities and Exchange Commission’s progress toward implementation of the Treasury clearing rule. The Commissioner emphasized the benefits associated with central clearing, which include enhancing transparency and reducing bilateral exposures. In his remarks, he cites research from the Office of Financial Research on the benefits of
The Defined Outcome Series
Webinar | Register here
12:00 a.m. – 12:40 a.m. EST
Join us for our defined outcome products series. Defined outcome products include a range of products designed to provide investors with some level of certainty (a “predictable” outcome if held for the specified period) usually based on a buffer, while providing equity market exposure. In
A Sign of Things to Come on Regulation S-K?
On January 26, 2026, Securities and Exchange Commission Commissioner Mark T. Uyeda delivered remarks at the 53rd annual Securities Regulation Institute. The Commissioner focused his comments on efforts to improve capital formation by, in part, reducing regulatory compliance burdens in those instances in which existing requirements do not provide benefits for investors or the